Senator Blumenthal Demands Binance Explain Iran Transaction Discrepancies
- Senator Richard Blumenthal has sent a follow-up letter to Binance co-CEO Richard Teng, questioning discrepancies in Binance’s testimony regarding transactions tied to Iran.
- Reports traced approximately $1.7 billion in flows from Binance-linked accounts to Iranian entities, contrasting with the $110,000 figure previously cited by Binance.
- Blumenthal requested detailed records and explanations of transactions between Binance and Iranian exchanges, including wallet addresses and compliance practices.
- The senator criticized delays in Binance’s response to law enforcement warnings about alleged terrorist financing activities.
- Binance has been given an April 14 deadline to provide the requested documents and records.
