Binance Firing Sparks Concerns Over Crypto Compliance

The recent firing of investigators at Binance has sparked concerns about the cryptocurrency exchange's commitment to anti-money laundering regulations.

A compliance team at Binance discovered $1.7 billion in transactions linked to Iranian entities, including the Revolutionary Guards Corps, which is designated as a terrorist organization by the U.S. government.

The investigators identified two main channels funneling money to Iran: Blessed Trust and Hexa Whale Trading, both of which used Tether stablecoins on the Tron blockchain to evade sanctions.

Binance suspended the original investigators in November 2025, citing 'violations of company protocol' and unauthorized disclosure of client data. However, this explanation has been met with skepticism by industry experts.