The U.S. Department of Justice is investigating whether Binance violated sanctions against Iran.

BlockBeats news, September 22, according to Bloomberg, people familiar with the matter revealed that U.S. federal prosecutors are investigating whether Binance Holdings Ltd., the operator of the world's largest cryptocurrency exchange, violated U.S. sanctions on Iran by failing to prevent certain transactions on its platform. The investigation is being handled by the U.S. Attorney's Office for the Southern District of New York, with the Criminal Division of the U.S. Department of Justice in Washington also participating. The relevant authorities are examining whether Binance knowingly allowed the transactions in question.