Changpeng Zhao Denies Binance Fired Investigators Over Iran
Binance founder Changpeng Zhao has refuted claims that the company dismissed investigators after they uncovered transactions linked to Iran. Zhao labeled the report as “self-contradictory,” arguing that if the allegations were accurate, it would imply a failure on the investigators’ part to prevent such activities. He emphasized that Binance employs third-party anti-money laundering tools used by law enforcement agencies.
The controversy stems from a Fortune report indicating that at least five Binance investigators were terminated after identifying over $1 billion in transactions involving Iranian affiliates, primarily conducted on the Tron blockchain using Tether’s USDT. Additionally, several senior compliance officers have reportedly left Binance, and the company is seeking a replacement for its Chief Compliance Officer, Noah Perlman, who is set to depart later this year.
