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Binance Battles WSJ as DOJ Probes Iran Sanctions Ties
business29 days ago

Binance Battles WSJ as DOJ Probes Iran Sanctions Ties

U.S. authorities are probing Binance for possible sanctions violations tied to Iranian crypto activity; Binance denies the claims and has sued the Wall Street Journal for defamation, asserting its internal investigation continued. The Journal and NYT report investigators sought evidence and witnesses, with the DOJ inquiry and a separate Senate probe ongoing. The case follows a prior $4.3 billion settlement over AML/sanctions violations related to CEO Changpeng Zhao, who was later pardoned by Trump.

via The Guardian|
#binance#business#cryptocurrency
Binance Faces Allegations of Iran-Linked Fund Transfers
business1 month ago

Binance Faces Allegations of Iran-Linked Fund Transfers

Internal Binance investigators reportedly found that Iranian-linked users accessed more than 1,500 accounts and that about $1.7 billion was moved to Iranian-backed groups, including Houthis, during 2024–25. Several investigators were disciplined or fired over handling client data, while Binance denies any sanctions violations. The report follows prior legal actions involving founder Changpeng Zhao and a Trump pardon, set against ongoing scrutiny of the exchange.

via The Guardian|
#binance#business#cryptocurrency
CZ’s Davos takeaway: prison, pardon, and a possible Bitcoin supercycle in 2026
crypto2 months ago

CZ’s Davos takeaway: prison, pardon, and a possible Bitcoin supercycle in 2026

Binance founder Changpeng Zhao said his four‑month prison sentence for AML controls violations and his Trump‑issued pardon have shifted his outlook. He dismissed any political motive behind the pardon, described becoming “a real free man,” and noted he does not trade crypto, instead taking a long‑term view. Zhao also said he briefly considered acquiring FTX but pulled back due to concerns over financial disclosures. Looking ahead, he suggested bitcoin could break its four‑year cycle and enter a 2026 supercycle, aided by a more pro‑crypto stance from the U.S. and other countries.

via The Block|
#binance#bitcoin#changpeng-zhao
Trump Claims No Knowledge of Binance's CZ After Pardon
politics5 months ago

Trump Claims No Knowledge of Binance's CZ After Pardon

Former President Donald Trump claimed he has no knowledge of Binance founder Changpeng Zhao (CZ) despite pardoning him, citing a desire to boost U.S. competitiveness in crypto and alleging that CZ was unfairly treated by the Biden administration. Trump also criticized Biden's use of autopen for pardons and highlighted Binance's legal and financial issues, including a $4.3 billion settlement for illicit activities.

via CNBC|
#binance#cryptocurrency#cz
Trump's Pardon of Binance's Zhao Sparks GOP Criticism
business5 months ago

Trump's Pardon of Binance's Zhao Sparks GOP Criticism

President Trump pardoned Binance founder Changpeng Zhao after his guilty plea for failing to implement proper anti-money laundering measures, which led to Binance paying over $4 billion in fines. Zhao's ties to Trump’s family crypto venture, World Liberty Financial, include code contributions and financial interests, raising concerns about potential conflicts of interest. This pardon is part of a broader trend of Trump pardoning prominent crypto figures.

via Bloomberg.com|
#binance#business#changpeng-zhao