The U.S. Department of Justice is examining whether Binance fulfilled the terms of its $4.3 billion settlement reached in 2023. The platform may have been used to process transactions linked to Iran and its sanctioned oil trade. In September 2024, U.S. prosecutors sought the forfeiture of $61 million allegedly generated from Iranian black-market oil sales. Reports also alleged that accounts linked to Iranian financier Babak Zanjani processed approximately $850 million through Binance. If Binance is found to have breached its settlement terms, it could face additional fines, stricter compliance requirements, or fresh criminal proceedings.
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