U.S. federal prosecutors are investigating whether Binance violated sanctions against Iran by failing to block some Iran-related transactions, Bloomberg reported. The U.S. Attorney's Office for the Southern District of New York in Manhattan is leading the investigation, with the U.S. Department of Justice (DOJ) Criminal Division also participating. Authorities are reportedly looking into whether Binance was aware of and allowed the relevant transactions. Binance stated, "We apply a zero-tolerance policy to sanctions violations and are fully cooperating with investigative agencies." However, it is uncertain whether this investigation will lead to actual charges.
