CryptoMedium•9 October 2026•
1 min read
Iranian Network Moved $850M via Binance, WSJ Report Alleges
Key Facts
1A WSJ report claims an Iranian network linked to Babak Zanjani and the IRGC moved $850 million through Binance.
A Wall Street Journal report claims an Iranian network linked to Babak Zanjani and the IRGC moved $850 million through Binance. Benzinga reported that the network allegedly used the exchange to bypass international financial restrictions and sanctions.
The allegations highlight ongoing compliance and money-laundering challenges within the cryptocurrency sector. While Binance disputes the claims, the report increases regulatory risk for digital asset exchanges as authorities continue to scrutinize oversight mechanisms on major platforms.