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BTC $66,353.92 +3.72%
ETH $1,980.09 +5.99%
BNB $620.91 +3.98%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $445.93 +0.24%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

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11 U.S. senators request federal agencies to investigate Binance's compliance with sanctions

Eleven U.S. senators have sent a letter to Treasury Secretary Scott Bessent and Attorney General Pamela Bondi, requesting a comprehensive review of Binance's compliance with U.S. sanctions and anti-money laundering requirements, as well as an assessment of its adherence to the 2023 settlement agreement.The letter cites reports indicating that approximately $1.7 billion in digital assets flowed through Binance to entities linked to Iranian terrorism, including organizations associated with the Houthis and the Islamic Revolutionary Guard Corps. Investigators also found that over 1,500 accounts were accessed by Iranian users, along with potential activities related to evading sanctions against Russia. The letter further notes that some compliance personnel at Binance who identified suspicious transactions were subsequently dismissed, and law enforcement agencies have indicated that Binance's cooperation in providing customer information has declined. Senators Chris Van Hollen, Ruben Gallego, and nine other senators co-signed the letter, expressing concerns about Binance's payment card launched in the former Soviet region and its partnerships related to stablecoins, believing these products could be used to evade sanctions. The senators have requested that the relevant agencies report on the review's progress by March 13. Additionally, Senator Richard Blumenthal initiated a congressional investigation into Binance this Tuesday, requesting relevant documents and internal records from Binance CEO Richard Teng. Binance denies the allegations, stating that it has identified and reported suspicious activities to authorities and does not allow Iranian users to access its platform.

Iran's Foreign Ministry: Will use all capabilities and resources to resist aggression

The Iranian Foreign Ministry issued a statement regarding the military aggression of Israel and the United States against Iran: Dear Iranian people, compatriots, our sacred and precious homeland, Iran has once again been subjected to military aggression by the United States and Israel. This morning, on the eve of Nowruz and the tenth day of Ramadan, the United States and Israel brazenly violated Iran's territorial integrity and national sovereignty, attacking defensive targets and non-military facilities in various cities of our country.The renewed military aggression by the United States and Israel against Iran occurs while Iran is engaged in a diplomatic process with the United States. Although we are firmly convinced of the intentions of the United States and Israel to carry out further military aggression, we have once again engaged in negotiations to demonstrate our position to the international community and all countries around the world, to affirm the justice of the Iranian people, and to expose the illegitimacy of any pretext for aggression.Today, the Iranian people take pride in everything they do to prevent war. Now is the time to defend the homeland and resist the military aggression of the enemy. While we are preparing for negotiations, we are also ready for defense at any moment. The Iranian armed forces will respond to the aggressors with great strength. The Iranian armed forces will utilize all capabilities and resources to repel this evil aggression and eliminate the threat from the enemy.
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