Binance and information reporters are locking horns over a set of significant claims which have put extra warmth on the trade’s compliance report. The matter facilities on alleged transfers tied to Iran and on the therapy of employees who flagged these strikes. At stake is how an enormous platform handles threat when previous missteps nonetheless dangle over it.
Allegations And Denials Collide
In response to reporting by Fortune, inside groups discovered greater than $1 billion in transfers linked to Iranian entities that moved by the trade between March 2024 and August 2025.
The items named stablecoin flows on the community run by Tron and pointed to a well-known issuer, Tether.
Studies say a number of investigators who documented these flows had been later let go. That declare, if true, would elevate questions on how warnings from inside an organization are dealt with.
Binance pushed again arduous. The platform, represented by its management, referred to as the claims false and stated a full inside evaluate with outdoors counsel discovered no sanctions breaches.
The report should be clear.
No sanctions violations had been discovered, no investigators had been fired for elevating considerations, and Binance continues to fulfill its regulatory commitments.
We’ve requested for corrections to current reporting. pic.twitter.com/glA9bdGaw1
— Richard Teng (@_RichardTeng) February 16, 2026
“That is categorically false. No investigator was dismissed for elevating compliance considerations or for reporting potential sanctions points as there are not any violations,” the trade disclosed in an e mail circulated by Binance CEO, Richard Teng.
“The report should be clear. No sanctions violations had been discovered, no investigators had been fired for elevating considerations, and Binance continues to fulfill its regulatory commitments,” Teng stated in an X submit.
The response famous that not one of the wallets in query had been sanctioned on the time the exercise befell. Nonetheless, critics say the actual take a look at is proof and outdoors oversight, not statements from both aspect.
An anti-government protest in Iran. Supply: Coverage Choices.
Questions Round Inside Evaluations
A separate set of reporting by Monetary Occasions added gasoline to the talk final December by exhibiting inside knowledge that, in line with that outlet, prompt suspicious accounts continued to maneuver huge sums after Binance’s 2023 settlement with US authorities.
That 2023 settlement led to a $4.3 billion penalty and to adjustments in management. The agency’s founder, Changpeng Zhao, later confronted authorized penalties.
As of in the present day, the market cap of cryptocurrencies stood at $2.35 trillion. Chart: TradingView
Authorized consultants say there’s a significant authorized line between knowingly processing funds tied to sanctioned entities and dealing with transactions that later transform problematic.
Information and timestamps matter. So do who knew what, and once they knew it. On this case, the trade says inside checks discovered no violations and that monitoring continues below the phrases of its US settlement.
Regulators Watch Intently
Studies notice that the story provides to an ongoing narrative: huge crypto companies working below shut scrutiny, the place any trace of lax controls attracts consideration.
This dispute might finish with extra documentation, an impartial probe, or just with either side standing by its model.
Featured picture from Shutterstock, chart from TradingView
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluate by our staff of high expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
