Binance has responded to allegations that it fired internal investigators who discovered large-scale cryptocurrency transactions linked to Iran.
The reports, which surfaced last week, suggested that several employees were suspended or dismissed for raising concerns about the company's compliance with international sanctions regulations. However, Binance has since denied these claims, stating that no staff members were terminated for reporting possible sanctions violations.
According to sources, Binance's internal investigators identified over 1,500 accounts accessed from Iran and traced funds flowing from two Binance accounts to Iranian entities, including wallets tied to the Islamic Revolutionary Guards Corps. The transactions reportedly totaled approximately $1.7 billion.
Blessed Trust, a Hong Kong payments firm working with Binance, stated that it did not knowingly facilitate sanctions breaches. Hexa Whale Trading, another Hong Kong entity, allegedly moved around $500 million in USDT to Iran-linked networks using the Tron blockchain.