Crypto investigation against Binance is expanding in the USA: Search warrant issued

It seems that a new investigation has been launched against the Binance exchange, which admitted that it could not prevent transactions against countries sanctioned by the USA, especially Iran, in 2023, and paid a historical penalty of 4 billion dollars in this regard, and even caused its founder CZ to go to prison.

According to information reported by US media Forbes, both the US Department of Justice and the Tax Administration (IRS) are closely examining the stock market's steps regarding Iran again.

New allegations: "They did not give permission and kicked him out"

According to Forbes news; Researchers working at Binance wanted to examine a total of $1.2 billion in transactions of approximately 2,000 accounts linked to Iran. However, the stock exchange did not allow these investigations and even the researchers were fired from the stock exchange.

In May of this year, US authorities stepped in regarding the issue. The IRS also took testimony from a former Binance researcher on the matter.

The investigation is expanding

According to Forbes, this investigation has been expanded. According to the news, some of the new suspicious transactions cover the period between March 2024 and August 2025. In other words, the period after the agreement between Binance and the US authorities regarding the previous case…

Binance denies the allegations

Binance officials tell the story differently. Speaking to the New York Times, a stock exchange spokesperson stated that the investigation initiated at the company about the relevant accounts was never closed. The spokesperson confirmed that the researchers were terminated from their employment at the exchange, but noted that this was not because of the findings they obtained, but because of misuse of customer data.

A search warrant was also issued

According to the information provided by Forbes; The Internal Revenue Service (IRS) and the Department of Justice (DOJ) have issued multiple subpoenas and search warrants against both some former Binance employees and Binance itself. It should also be noted that despite the investigation and search warrants, no lawsuit has been filed yet.