BlockBeats News, February 14th, CZ responded on social media to Fortune’s “Binance Fires Investigator Who Revealed $1 Billion USDT Flow to Alleged Iran Fund” report:
“I don’t know the specifics or the parties involved, but just looking at the article itself, it is self-contradictory. This incident can be spun in any way regardless of how it is reported. If this news is true, it also means that third-party tools (which law enforcement also uses) similarly did not flag it. Just find a ‘dissatisfied’ or bribed ‘anonymous source’ to spread panic, and the media can put a negative spin on anything.”
Binance CEO He Yi also stated that any compliance officer would handle all kinds of cases. The fact is, Binance has always proactively initiated criminal investigations, submitted the investigation results to law enforcement agencies, and helped users guard against potential fraud losses. However, we also need to continue upgrading talent because it is precisely due to greater investment and higher standards in the compliance field that these achievements have been made.
BlockBeats previously reported that according to Fortune, Binance recently dismissed multiple compliance investigators. According to internal documents, these investigators had previously reported internally that entities related to Iran received over $1 billion through Binance between March 2024 and August 2025, with the transactions involving the stablecoin Tether (USDT) settled on the Tron network, potentially violating U.S. sanctions.
