Forbes: Former Binance researcher says management ignored investigation into 2,000 suspicious Iran-linked accounts involving $1.2 billion; Binance denies firing staff due to sanctions investigations.
A former senior financial crime investigator at Binance told IRS investigators in May that Binance management ignored internal requests to investigate about 2,000 suspicious accounts linked to Iran involving $1.2 billion in transactions, Forbes reported. Citing a search warrant for investigators from Macbook, the report said the DOJ and IRS issued several subpoenas and search warrants involving Binance and former employees, with one former investigator also ordered to testify before a federal grand jury. Binance has denied firing employees for investigating potential sanctions violations, saying they left behind violations of its customer data privacy policy. The exchange stated that they are cooperating with law enforcement authorities. No criminal charges have been filed.