Binance Responds to US Senate Inquiry Over Iranian Ties

Binance, the world's largest cryptocurrency exchange, has addressed concerns raised by a US Senate panel regarding its potential ties to Iranian entities.

In a letter dated March 6, Binance disputed claims of direct transactions with Iranian groups, stating that internal reviews found no evidence of such activities.

The exchange noted that it had removed two entities, Hexa Whale and Blessed Trust, from its platform after investigations revealed indirect exposure to potentially Iran-linked wallets.

Binance also criticized media reports that sparked the Senate inquiry, calling them 'demonstrably false' and 'defamatory in several material respects.'