Members of the investigations and compliance team at Binance, the largest Bitcoin (BTC) and cryptocurrency exchange by trading volume, have been fired from the company after reporting findings that the platform was being used to evade international sanctions against Iran. This was reported by the American media “Fortune”.
The company’s internal investigators reportedly collected evidence that Iranian-related entities received more than $1 billion in cryptocurrencies through the Binance platform. This is from March 2024 to August 2025.
This flow of capital is Possible violation of sanctions rules According to the judgment of analysts, imposed on the Persian state by international organizations and Western governments.
According to documents seen by the media, Bitcoin was not directly involved in the financial operations and transactions were primarily routed using the USD Tether (USDT) stablecoin on the Tron network. This infrastructure would have allowed for a sustained movement of funds before it was detected by Binance researchers.
After the release of these internal reports, At least five researchers will be laid off by the end of 2025. Three of the experts had experience in police forces in Europe and Asia, Fortune reported on condition of anonymity. In addition, they held leadership positions in special financial investigations and counter-financing of the terrorist sector.
In addition to these layoffs, at least the following were reported: Four executives in the compliance department have resigned. Otherwise, he would have been removed from his job within the past three months.
Exact reason for incorporation Not officially confirmed by the company. CriptoNoticias sent an email to Binance to confirm these reports, but did not receive a response at press time.
The development comes amid high regulatory pressure on the company, which had previously pledged to strengthen its surveillance systems after facing historic fines and a settlement with the U.S. Department of Justice.
Similarly, the alleged firings of these analysts came to light at a time when Binance is facing intense scrutiny from some users. CriptoNoticias reported accusing the exchange and its founder Changpeng Zhao. Suspected of deceiving investors and manipulating the market. And they are coming out to defend themselves and making sure that the FUD campaign is carried out.
