U.S. Senator Richard Blumenthal has demanded that Binance CEO Richard Teng provide records of Binance usage by Iranian individuals, as well as documents related to the dismissal of compliance personnel. The report alleges that Binance partners Hexa Whale and Blessed Trust acted as money laundering intermediaries and permitted transactions with Iranian government entities, and that those involved in the investigation were subsequently disciplined or dismissed. Furthermore, Blumenthal expressed concerns about Binance's ties to World Liberty Financial. A Binance spokesperson responded that the exchange detected and reported suspicious activity, demonstrating the effectiveness of its controls, and stated that the reports were inaccurate.