Update
Binance Investigator Accuses Management of Ignoring Iran-Linked Accounts
A former senior financial crime investigator accused Binance management of ignoring warnings about suspected Iran-linked accounts. The investigator, who discussed an internal investigation called Operation Loclock during an IRS interview, alleged that management ignored repeated requests to investigate accounts moving $1.2 billion through the exchange. Binance disputes claims of obstruction and maintains that it dismissed investigators over customer data privacy violations. The allegations revive concerns about Binance's previous sanctions compliance failures, including a 2023 guilty plea and $4 billion fine.