DOJ says companies used Binance to funnel $1.5 billion in crypto to Iran

Photo credit: Vadim Art via Unsplash. Article by Lawrence Bonk. Engadget – September 15, 2026.

The US Department of Justice is accusing several companies of using the crypto exchange Binance to send money to Iran to fund its military, according to a report by The Wall Street Journal. Federal prosecutors disclosed Binance’s alleged role in the scheme in a forfeiture complaint that looks to seize $61 million of cryptocurrency. In total, they say that around $1.5 billion was sent to the country via a series of interrelated digital wallets. […]

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