US Senator Questions Binance’s Iran Disclosures After $1.7B Flow Report

• Protos reports Sen. Richard Blumenthal is asking whether Binance lied to Congress about Iran. 
• Binance told the Senate its direct volume with four Iranian exchanges did not exceed $110,000 last year.
• Public reporting traced about $1.7 billion in flows from Binance-linked accounts to Iran-linked entities.

US Senator Richard Blumenthal is intensifying scrutiny of Binance after reports suggested Iran-linked flows far exceeded the exchange’s disclosures to Congress. 

A follow-up letter asks whether Binance provided incomplete or misleading information to the Senate Permanent Subcommittee on Investigations, widening the gap between Binance’s stated exposure and publicly reported transactions.

Blumenthal Presses Binance Over Iran Exposure

In a new letter to Binance CEO Richard Teng, Blumenthal wrote that the exchange may have provided “misrepresentations or …

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