• Binance says sanctions exposure has declined 97% since 2024 Binance doubled down on its compliance credentials in a blog post after a report published earlier this month accused it of sanction violations. • Cointelegraph in your social feed Crypto exchange Binance says it has “significantly reduced exposure” to sanctioned entities and high-risk jurisdictions, including exposure to Iran since January 2024. • In a blog post titled “Setting the record straight” on Monday, Binancesaidits sanctions-related exposure as a percentage of total exchange volume has fallen by about 97% in that time, and now sits at around 0.009%. • The post comes after a Feb. • 13 Fortune report citing anonymous sources alleging that Binance fired at least five investigators who had supposedly uncovered evidence of Iranian sanctions violations. • Binancedenied the allegationson Feb.
Article Summaries:
- Binance announced that its exposure to sanctioned entities and high‑risk jurisdictions has dropped by roughly 97 % since January 2024, now representing about 0.009 % of total trading volume. The claim follows a February 13 Fortune article alleging the firm fired five investigators who had flagged Iranian sanctions violations. Binance denied the allegations, stating the dismissals were due to breaches of data‑protection and confidentiality policies, not compliance concerns. Between January 2024 and January 2026, the exchange cut direct exposure to the four largest Iranian exchanges from $4.19 million to $110 000. It highlighted that 25 % of its global staff now focuses on compliance and that it has invested hundreds of millions of dollars in related programs.
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