US Treasury cracks down on Binance over Iran crypto flows

The U.S. Treasury is demanding stricter compliance from Binance after reports of over $1 billion in crypto flowing to Iran-linked entities, increasing regulatory scrutiny.

The U.S. Treasury Department has intensified its oversight of Binance, demanding stricter monitoring and compliance after reports revealed that over $1 billion in cryptocurrency was transferred through the exchange to entities linked to Iran between 2024 and 2025. These actions are part of Operation Economic Fury, a U.S. initiative launched in April 2026 to disrupt Iran’s financial networks and curb sanctions evasion. As part of this effort, Treasury officials have sanctioned crypto wallets allegedly connected to Iran’s Central Bank and the Islamic Revolutionary Guard Corps, and collaborated with Tether to freeze $344 million in USDT on the Tron network. Binance has been reminded of its obligation to provide data and documentation, with authorities requesting interviews with top executives and information on former employees. These developments have placed Binance under renewed regulatory scrutiny, impacted the price of its BNB token, and underscored the importance of robust compliance with anti-money laundering and international sanctions. Binance maintains it is fully cooperating and strengthening its compliance protocols.