DOJ reviews Binance over potential 2023 plea deal breaches
CIE News ·
Federal prosecutors are reviewing whether Binance breached its $4.3 billion plea deal through roughly $61 million in transactions that may involve Iran sanctions.
The Department of Justice's Criminal Division is reviewing whether Binance Holdings Ltd. breached the terms of its $4.3 billion November 2023 plea agreement, briefs.co reported. Prosecutors are examining potential compliance lapses connected to Iranian sanctions and roughly $61 million in transactions routed through the platform. Officials are assessing whether these flows represent willful violations, which could revive criminal charges or bring additional financial penalties.
According to briefs.co, Tysen Duva of the DOJ's Criminal Division confirmed an ongoing inquiry but declined to provide details on its current status. No formal accusations have been brought against Binance or its staff. Binance stated that it is continuously working to enhance its controls and remains committed to cooperating with law enforcement.