Binance Faces Allegations Over $850 Million Military Funding Network Linked to Iran
Binance In Hot Water? Report Links Exchange To Secret $850 Million Iran Military Funding Network

Image: Benzinga
Binance, the largest cryptocurrency exchange, is accused of facilitating an $850 million payment network for Iran's military, allegedly orchestrated by financier Babak Zanjani. Reports indicate that half of these transactions may have funded military operations amid tensions with the U.S.
- 01Babak Zanjani, an Iranian billionaire, allegedly used Binance to facilitate transactions worth $850 million over two years.
- 02Binance's internal investigations suggest that these accounts were part of a money-laundering operation for the Iranian regime.
- 03Iran's central bank reportedly transferred $107 million in cryptocurrency to Binance accounts last year.
- 04Senator Richard Blumenthal has raised concerns regarding Binance's links to $1.7 billion in Iran-related transactions.
- 05Binance previously pleaded guilty to failing to register as a money transmitting business and paid over $4 billion in penalties.
Advertisement
In-Article Ad
Binance, the world's largest cryptocurrency exchange, is reportedly entangled in a secret payment network linked to Iranian billionaire Babak Zanjani, who allegedly facilitated $850 million in transactions to fund Iran's military operations. According to a report by the Wall Street Journal, these transactions occurred through a single Binance trading account as Iran prepared for potential conflict with the United States. Experts suggest that approximately half of these funds were likely used to finance military activities. Investigations revealed that Iran's central bank transferred $107 million in cryptocurrency to Binance accounts last year, while foreign investigators tracked around $260 million in transactions tied to sanctioned Iranian entities and suspected terrorist financiers during 2024 and 2025. Binance has previously denied allegations of facilitating these transactions, labeling them as
Advertisement
In-Article Ad
These allegations could lead to increased scrutiny and regulatory actions against Binance, affecting its operations and reputation.
Advertisement
In-Article Ad
Reader Poll
Should cryptocurrency exchanges be more heavily regulated to prevent illicit funding?
Connecting to poll...
More about Binance

Bitcoin's Price Stability Strengthened by Long-Term Holder Accumulation
Cointelegraph • May 22, 2026

Binance Unveils SpaceX Pre-IPO Perpetual Futures Amid $2 Trillion Valuation Speculations
Coindesk • May 21, 2026

Analysis Reveals Quantum Exposure in Bitcoin Holdings: Coinbase vs. Binance
Benzinga • May 20, 2026
Read the original article
Visit the source for the complete story.



