Binance fires at least 4 internal investigators after being exposed for trading over $1 billion with Iranian entities

The Binance compliance team's investigators found that entities related to Iran received over $1 billion in funds through the exchange, with these transactions conducted via Tether on the Tron chain, potentially violating sanctions laws. After the investigators disclosed these findings through an internal report, at least 5 people began to be fired at the end of 2025.

Additionally, in the past three months, at least four senior compliance personnel have either left or been dismissed, and Binance's Chief Compliance Officer Noah Perlman plans to leave later this year, although his departure is unrelated to the firing of the investigators. A Binance spokesperson stated that the company cannot comment on ongoing investigations according to policy and is committed to complying with all applicable sanctions laws and regulations in the markets where it operates. It is reported that Binance acknowledged in 2023 that it violated anti-money laundering, customer identification laws, and sanctions regulations, agreeing to pay a $4.3 billion fine.