WSJ: Iran Sanctions-Evasion Network Transferred Funds via Binance, Total Cumulative Transaction Volume Reaches $850 Million

According to a Wall Street Journal (WSJ) report, a previously undisclosed internal Binance investigation revealed that Iranian financier Babak Zanjani used related companies, shell firms, and multiple trading accounts to transfer funds through Binance, establishing a Western sanctions-evasion financial channel for Iran’s Islamic Revolutionary Guard Corps (IRGC). The network involved 21 individual and corporate trading accounts, with a total transaction volume of approximately $850 million, of wh

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