Binance fired at least four internal investigators after reports surfaced that it had transacted with Iranian entities for over $1 billion.

Investigators from Binance's compliance team discovered that from March 2024 to August 2025, entities linked to Iran received over $1 billion through the exchange, with these transactions conducted via Tether on the Tron blockchain, potentially violating sanctions laws. Following the disclosure of these findings in an internal report, at least five people were dismissed starting in late 2025. Furthermore, at least four senior compliance personnel have left or been relieved of their duties in the past three months. Binance's Chief Compliance Officer, Noah Perlman, is scheduled to leave later this year, but his departure is unrelated to the investigators' dismissals. A Binance spokesperson stated that, according to policy, the company cannot comment on ongoing investigations and is committed to complying with all applicable sanctions laws and regulations in the markets in which it operates. Binance reportedly admitted in 2023 to violating anti-money laundering, customer verification laws, and sanctions regulations, agreeing to pay a $4.3 billion fine. (Fortune)