Crypto exchange Binance may have funded Iranian entities, reports say

Source: US news | The Guardian · Bias: Center Left

Summary

Internal investigators said at least two accounts allegedly saw $1.7bn move to Iranian-backed groupsShortly after Donald Trump pardoned Changpeng Zhao, the Binance founder, last fall, company employees revealed the cryptocurrency exchange may have funded Iranian entities with billions of dollars, according to a report by the New York Times.The discovery was made by a group of internal Binance investigators, who reportedly found that people in Iran had accessed more than 1,500 accounts on the crypto platform. Two of those accounts allegedly saw $1.7bn move to Iranian-backed groups that included Yemen’s Houthi militants throughout 2024 and 2025, according to the Wall Street Journal. Continue reading...

Related Coverage

More Headlines From February 24, 2026

Crypto exchange Binance may have funded Iranian entities, reports say
US news | The Guardian

Crypto exchange Binance may have funded Iranian entities, reports say

Center Left

Internal investigators said at least two accounts allegedly saw $1.7bn move to Iranian-backed groupsShortly after Donald Trump pardoned Changpeng Zhao, the Binance founder, last fall, company employees revealed the cryptocurrency exchange may have funded Iranian entities with billions of dollars, according to a report by the New York Times.The discovery was made by a group of internal Binance investigators, who reportedly found that people in Iran had accessed more than 1,500 accounts on the crypto platform. Two of those accounts allegedly saw $1.7bn move to Iranian-backed groups that included Yemen’s Houthi militants throughout 2024 and 2025, according to the Wall Street Journal. Continue reading...