A federal prosecutor in Manhattan is leading an investigation into Binance’s compliance with U.S. sanctions tied to Iran. The main question: Did the exchange knowingly let trading happen that violated those restrictions?

What We Know So Far

The probe zeroes in on Binance’s compliance when it comes to U.S. sanctions on Iran. Investigators are looking into whether the platform intentionally allowed users to make trades that fall under American sanctions. This comes months after initial reports surfaced about a broader Department of Justice investigation into Binance.

Sanctions Context and What’s Under the Microscope

The core focus is whether Binance’s operations met the requirements of the U.S. sanctions regime against Iran, and if there were any deliberate violations in letting such trades go through. The investigation aims to determine if Binance knowingly approved deals that might have run afoul of U.S. sanctions.