Binance has denied a Wall Street Journal report alleging that the exchange processed $850 million in crypto transactions for a sanctioned Iranian financier linked to the IRGC.
Binance CEO denied the claims in the report. The allegations state that the transactions occurred even after the company's own compliance team raised the alarm.
Raportoinut AI AI:n luoma kuva
Following an initial $128 billion crypto market plunge triggered by US and Israeli strikes on Iran, Bitcoin has rebounded toward $67,000 amid Iran's confirmation that the attacks killed Supreme Leader Ayatollah Ali Khamenei. Ethereum surged over 6% to near $2,000 as markets stabilized, despite oil supply fears and inflation concerns.
The U.S. Department of Justice is investigating the cryptocurrency exchange Binance for its alleged role in Iran-linked transactions that may have evaded sanctions. This probe comes less than three years after Binance's $4.3 billion settlement with U.S. authorities in 2023 for sanctions and anti-money-laundering violations. Binance denies any wrongdoing, stating its internal reviews found no sanctions breaches.
Raportoinut AI
A federal judge in Manhattan has ruled that customers accusing Binance of selling unregistered tokens can pursue their claims in court rather than through arbitration. The decision rejects the cryptocurrency exchange's attempt to enforce arbitration for these disputes. Binance, the world's largest crypto platform, faces ongoing legal challenges over alleged illegal sales.
A group of investors has filed a proposed class action lawsuit against JPMorgan Chase, accusing the bank of enabling a $328 million cryptocurrency Ponzi scheme operated by Goliath Ventures. The suit claims the bank ignored obvious red flags while processing hundreds of millions in transactions for the fraudulent operation. More than 2,000 victims are said to have been affected.
Raportoinut AI
Bitcoin's price has fallen below $68,000 as escalating US-Iran conflicts drive volatility in cryptocurrency markets. The drop follows a US-Israel attack on Iran and recent statements from leaders on both sides, compounded by weak US jobs data. Other major coins like Ethereum and XRP have also declined.
The cryptocurrency market lost $128 billion in one hour following Israel's airstrikes on Iran and U.S. military involvement. Bitcoin fell 3.8% to $63,038 before stabilizing near $64,000, while Ether declined 4.5% to $1,835. The total market capitalization slid to $2.38 trillion as geopolitical tensions escalated.