According to reports by the NYT and WSJ, Binance's partners (Hexa Whale and Blessed Trust) acted as intermediaries for money laundering and transactions with Iranian government agencies.
It is reported that employees who discovered suspicious transactions were fired or subjected to disciplinary action. Binance denies these allegations.
Democratic Senator Blumenthal recalled that just two years ago, the exchange had already paid a $4 billion fine for similar violations, and its founder CZ even served a prison sentence (before being pardoned by Trump in October last year).
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