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Cryptocurrency
fromFortune
2 days ago

Inside the Binance accounts internal investigators say helped transfer more than $1 billion to Iran-linked entities: A 79-year-old VIP Chinese trader and a suspected Iranian gold smuggler | Fortune

Binance failed to detect a $439 million transfer from a VIP account to Iran-linked sanctioned organizations despite compliance obligations from a $4.3 billion plea agreement with the U.S. government.
Cryptocurrency
fromwww.theguardian.com
3 days ago

Binance sues Wall Street Journal over reporting on Iranian sanctions

The US government is investigating Binance for allegedly allowing Iran to use the exchange to evade sanctions and move funds illegally, while Binance denies the claims and sued the Wall Street Journal for defamation.
Cryptocurrency
fromBitcoin Magazine
1 week ago

As Bombs Fall On Tehran, Iran's Crypto Lifeline Lights Up

Iranians used cryptocurrency to execute massive capital flight during military strikes, with outflows from Iran's largest crypto exchange surging 700% as citizens moved funds beyond international sanctions and the crippled banking system.
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