Tag: Binance

Democrats Promise to Oversee Reported DOJ Probe Into Binance

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A group of Democratic senators say they will oversee a reported Justice Department investigation into possible Iran-related sanctions violations on the crypto exchange Binance. Senators Chris Van Hollen, Elizabeth Warren and Ruben Gallego said in a joint statement on Thursday that they “will conduct oversight to ensure the Department of Justice conducts a serious investigation into Binance and holds the company accountable for any wrongdoing.” The Wall Street Journal reported on Wednesday, citing people familiar with the matter, that the Justice Department was investigating Iran’s possible use of Binance to…

Binance Claims ‘Full and Complete Legal Victory‘ in Alabama Court

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A federal court in Alabama has granted a motion to dismiss a 2024 complaint filed against Binance, its separate US entity Binance.US and former Binance CEO Changpeng “CZ” Zhao over allegations that the cryptocurrency exchange facilitated transferring funds to terrorist groups. In a Wednesday order, US District Court for the Middle District of Alabama Magistrate Judge Chad Bryan granted a motion filed by Zhao requesting that significant portions of the complaint be dismissed. The complaint, filed in February 2024, alleged that the three defendants “violated, and may be continuing to…

US Midterms may Fuel Crypto, Stock Market Recovery: Binance Research

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The US midterm elections may be the next catalyst to kickstart the crypto and stock market recovery, according to historical data shared by Binance Research. According to a Wednesday report from Binance Research, US midterm election cycles have historically been followed by strong rebounds in stocks and Bitcoin (BTC), potentially setting up a recovery window for risk assets after the 2026 vote. The 12 months following US midterm elections have resulted in an average 19% rise in the S&P500 and 54% rise for Bitcoin in the three post-midterm years on…

Three Binance Charts May Be Hinting at Bitcoin’s Next Move

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The next big breakout for Bitcoin (BTC) may hinge on changes unfolding across Binance’s exchange flows and derivatives activity. Onchain data from the largest cryptocurrency exchange currently show a cooling of whale deposits, rising BTC withdrawals, and growing futures dominance, which may influence the next direction for Bitcoin’s price. Bitcoin whale activity cools after February spike The Bitcoin exchange whale ratio on Binance, which measures the ten largest inflows relative to total exchange deposits, surged above 0.60 during early February, indicating strong selling by whales. Since then, the 14-day moving…

Binance sues The Wall Street Journal over allegedly false reporting that led to DOJ probe

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Binance is suing The Wall Street Journal over an article published on February 23, 2026, which the crypto exchange calls false and damaging to its reputation, according to a Wednesday blog post. We have filed a complaint against the @WSJ for publishing a false and defamatory report, and to shine the light of truth. We view this suit as a necessary step to defend ourselves against misinformation, hold the WSJ accountable for prioritizing clicks over journalistic… pic.twitter.com/c4BPAi95Kh — Binance (@binance) March 11, 2026 The lawsuit was revealed shortly after the…

DOJ Investigates Iran’s Use of Binance to Evade US sanctions: WSJ

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The Department of Justice is investigating Iran’s use of Binance for alleged sanctions evasion after the exchange repeatedly denied wrongdoing. The US Department of Justice is reportedly investigating Iran’s use of Binance for alleged sanctions evasion. The DOJ is investigating whether Iran used Binance to evade US sanctions and whether transactions on the exchange helped route funds to networks linked to Iran-backed groups, including Yemen’s Houthi militants, the Wall Street Journal reported Wednesday, citing company documents and people familiar with the matter. The WSJ said it remains unclear whether the…

DOJ opens probe into Iran’s alleged use of Binance to evade sanctions: WSJ

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The Department of Justice has opened a probe into whether Iran relied on Binance, the world’s leading crypto exchange, to skirt US sanctions and support militant organizations, including the Islamic Revolutionary Guard Corps and the Houthi movement, The Wall Street Journal reported Wednesday. Officials have begun reaching out to people familiar with the transactions as they gather evidence related to funds that passed through Binance and were allegedly connected to those entities. The scope of the investigation is still unclear, with officials not saying whether the exchange itself could face…

US Court Dismisses Binance, CZ Terrorism Financing Lawsuit

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Former Binance CEO Changpeng “CZ” Zhao said centralized crypto exchanges have “zero motive” to assist terrorists after a US court dismissed a lawsuit accusing the exchange of facilitating terrorist financing. In a post on X, Zhao argued that the economics of crypto trading make such activity illogical for exchanges. “There are absolutely zero (0) motive for any CEX to have anything to do with terrorists,” Zhao wrote, adding that such actors are unlikely to generate trading revenue and may only deposit funds briefly before withdrawing them. The comments followed a…

Binance Slams US Senate Probe over Iran as Based on Defamatory Reports

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Cryptocurrency exchange Binance has officially responded to a February inquiry launched by a group of 11 US senators, largely denying facilitating transactions to Iranian entities and the narrative around employees’ terminations. In a Friday letter to US Senators Richard Blumenthal and Ron Johnson of the Permanent Subcommittee on Investigations, Binance said that an inquiry launched in February into the exchange’s activities was based on reports that were “demonstrably false, unsupported by credible evidence, and defamatory in several material respects.”  The exchange referred to reporting from the Wall Street Journal, New…

Binance rejects claims of Iranian exposure in response to US Senate inquiry

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Binance has published a formal rebuttal to US Senator Richard Blumenthal, pushing back against what the crypto exchange describes as false and defamatory claims in recent media coverage that prompted a congressional inquiry into its sanctions compliance program. The letter, issued on March 6, addressed to the ranking member of the Senate Permanent Subcommittee on Investigations and copied to Chairman Ron Johnson, responds to Blumenthal’s February 24 correspondence. That inquiry drew heavily on reports published by the New York Times, Fortune, and the Wall Street Journal earlier this year, which…