Binance: No Wrongdoing Alleged in $61M Iran Forfeiture Case

Binance faces no allegations in the DOJ's push to forfeit $61 million tied to Iran sanctions violations through its platform, according to CEO Richard Teng. The case targets specific users, not the exchange, which maintains zero tolerance for illicit activity and blocked all sanctioned transactions. Binance continues full cooperation with authorities on this matter first raised months ago while enforcing strict compliance protocols across its crypto exchange operations.