Binance Hits Back at Senate Over $2 Billion Iran Laundering Claims

Binance has formally pushed back against a US Senate inquiry accusing the exchange of facilitating Iranian money laundering and sanctions evasion. Co-CEO Richard Teng called the underlying allegations “false and defamatory. ” The response follows a formal inquiry from Senator Richard Blumenthal, who demanded records related to nearly $2 billion in transfers to sanctioned entities. The letter requested answers over the firing of investigators who had flagged the activity source: https://beincrypto.com/binance-hits-back-at-senate-over-2-billion-iran-laundering-claims/