Bloomberg: Manhattan US attorney probes Binance over Iran sanctions

The Manhattan US Attorney's Office is investigating whether Binance knowingly allowed trading that violated US sanctions on Iran, Bloomberg reported, months after reports first revealed a Justice Department probe. Bloomberg cited people familiar with the matter in reporting that the Justice Department's Criminal Division in Washington is also involved. Asked for comment, a Binance spokesperson said the company has a zero-tolerance policy for sanctions violations, fully cooperates with law enforcement, and remains committed to identifying and shutting down bad actors. The statement did not directly address whether Binance is aware of the reported investigation. An investigation does not establish wrongdoing and may end without charges. In March, The Wall Street Journal reported that the Justice Department was examining whether Iran used Binance to evade US sanctions, citing company documents and people familiar with the matter. The Journal said it was unclear whether the Justice Department was investigating Binance itself, its users, or both. Binance told Cointelegraph at the time that it was not aware of any Justice Department investigation.