Binance: reporting on Iran-linked flows and internal investigations

Here are a few uplifting Binance news from the last days and weeks.

Mega bullish.

According to the Wall Street Journal, Binance investigators traced more than $1 billion in suspicious flows tied to Iran linked networks, with internal findings reportedly flagging as much as $1.7 billion.

Binance denies the allegations and sued the WSJ for defamation. Very normal behavior for the world’s largest exchange.

Meanwhile Senator Richard Blumenthal is still on Binance’s neck.

On April 1 he pressed the company over potential misrepresentations tied to money laundering and terrorist financing concerns.

On April 17 he followed up with DOJ and Treasury, asking what exactly the compliance monitors are doing and whether Binance is actually honoring the 2023 settlement.

Apparently “trust us bro” was not enough...

Australia then slapped Binance Australia Derivatives with a A$10 million penalty after more than 85% of its local clients were misclassified, exposing them to risky derivatives without the protections retail users are supposed to have.

Regulators said this caused more than A$12 million in losses and fees. Binance had already paid A$13.1 million in compensation.

Elite compliance. Bullish.

It gets better.

Users were apparently allowed to keep retaking the sophistication test until they passed.

So Binance’s version of investor protection seems to have been: just keep clicking until the safeguards disappear.

In the U.S., Binance also failed to shove customer loss claims into arbitration.

A federal judge ruled the exchange did not properly notify users about changes to its arbitration clause, so those claims can keep moving in court.

Another inspiring chapter in the Binance compliance fairy tale.

And in case anyone forgot the broader backdrop , Changpeng Zhao had already pleaded guilty in the U.S., Binance agreed to a $4.3 billion settlement, and Trump later pardoned him on October 23, 2025.

So yes, the founder of the exchange that admitted massive anti money laundering failures got a presidential cleanup and the scandal conveyor belt still kept moving.

Extremely bullish governance.

Then there is the political sewage around the Trump orbit. I tweeted all of that many months ago.

Trump linked World Liberty’s USD1 stablecoin was used for MGX’s $2 billion investment into Binance.

AP has separately noted that Binance and Zhao were financial backers of Trump family crypto ventures.

So this is no longer just an exchange story. It is sanctions smoke, compliance failures, court setbacks, pardons, Gulf money, and political entanglement all in 1 toxic pile.

Binance remains the same old story.

Too big. Too dirty. Too connected. Too protected.

Bullish.