According to Bloomberg and U.S. Department of Justice officials on October 9, the DOJ is reviewing whether Binance complies with its 2023 settlement agreement and investigating potential violations of U.S. sanctions against Iran. The Manhattan U.S. Attorney's Office requested asset seizure of $61 million, alleging the funds originated from Iranian oil black market sales and were laundered through the exchange. If found in breach, Binance could face criminal prosecution and additional penalties in the billions of dollars.
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