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.

These allegations could lead to increased scrutiny and regulatory actions against Binance, affecting its operations and reputation.