$1.2 Billion Iran Connection Allegation at Binance: Former Employee Called to Testify in the US

A former Binance investigator has alleged that management ignored requests to scrutinize roughly $1.2 billion in transactions tied to about 2,000 accounts suspected of Iranian links, and is now set to testify in the US. The claim, reported via Wu Blockchain citing Forbes, centers on whether the exchange properly screened flows that may have involved sanctioned Iranian entities. The dispute matters because Binance’s compliance record is already under heightened US regulatory scrutiny, and fresh testimony could revive questions about its historical sanctions controls. Watch for the former employee’s testimony, any regulatory response from US authorities, and whether Binance discloses further details on the accounts and transaction totals in question.