A former Binance investigator alleged that management ignored requests to review $1.2 billion in transactions linked to around 2,000 accounts suspected of having ties to Iran.
According to Wu Blockchain, citing Forbes, a former senior financial crimes investigator at Binance told U.S. Internal Revenue Service (IRS) officials about the allegation in May. In a report based on a search warrant related to the former employee’s laptop, Forbes reported that the U.S. Department of Justice and the IRS had issued multiple subpoenas and search warrants concerning Binance and former employees. One former investigator was called to testify before a federal grand jury. The report said no charges have been filed yet.
Binance denies claim that employees were fired
Binance denied the claim that employees were fired for investigating potential sanctions violations. The exchange attributed the employees’ departures to violations of policies on customer data confidentiality and said it was cooperating with law enforcement.
Not investment advice.