The crypto exchange Binance has reportedly fired at least five investigators from its compliance team who had uncovered evidence of over $1 billion in transactions potentially violating sanctions laws, flowing to entities tied to Iran between March 2024 and August 2025.
These transactions reportedly utilized the stablecoin Tether on the Tron blockchain. The firings occurred in late 2025, amid a broader compliance shake-up and following Binance's $4.3 billion settlement with the DOJ in November 2023 for money laundering and sanctions violations.
Binance denies that investigators were fired for reporting potential sanctions violations and states that internal reviews found no evidence of sanctions law breaches. The article also notes the timing of these events coincides with political developments benefiting Binance, including a pardon for its founder, Changpeng Zhao, by President Donald Trump.
This comes as Binance aims for 'regulatory maturity' after its past legal issues.
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