U.S. Department of Justice investigates whether Binance violated sanctions against Iran

According to Bloomberg, people familiar with the matter said that U.S. federal prosecutors are investigating whether Binance Holdings, operator of the world's largest cryptocurrency exchange, has violated U.S. sanctions against Iran by failing to block certain transactions on its platform. The investigation is being led by the Manhattan U.S. Attorney's Office, with involvement from the Criminal Division of the U.S. Department of Justice, as authorities review whether Binance knowingly allowed the transactions in question.