Crypto Exchange Binance May Have Funded Iranian Entities, Reports Say

Crypto exchange Binance may have funded Iranian entities, reports say

Internal investigators said at least two accounts allegedly saw $1.7bn move to Iranian-backed groupsShortly after Donald Trump pardoned Changpeng Zhao, the Binance founder, last fall, company employees revealed the cryptocurrency exchange may have funded Iranian entities with billions of dollars, according to a report by the New York Times.The discovery was made by a group of internal Binance investigators, who reportedly found that people in Ir…

Binance Pledged to Crack Down on Crime. Its Employees Found Potential Violations.

Internal Binance investigators traced $1.7 billion that flowed from accounts on the exchange to entities linked to Iran, according to company records and other documents.