Binance fired staff who flagged $1 billion moving to sanctioned Iran entities [View all]

Weeks after President Trump granted a pardon to convicted Binance founder Changpeng Zhao in October, executives at the crypto exchange dismantled a staff investigation into $1 billion that had recently moved through Binance to a network funding Iran-backed terror groups, according to company documents and people familiar with Binance’s operations.

A trading account belonging to a close Binance business partner was identified as a primary channel that moved cryptocurrency to the Iranian network.

Binance subsequently fired the investigators who had uncovered the transfers—and the network remained active.

A Binance spokeswoman said the investigators weren’t “suspended or terminated for raising compliance concerns” but instead left “based on individual circumstances.” The investigation continued, she said, and resulted in the entities identified being removed from Binance’s platform.

https://www.msn.com/en-us/money/other/binance-fired-staff-who-flagged-1-billion-moving-to-sanctioned-iran-entities/ar-AA1WVfug