Shortly after Donald Trump pardoned Changpeng Zhao, the Binance founder, last fall, company employees revealed the cryptocurrency exchange may have funded Iranian entities with billions of dollars, according to a report by the New York Times.
The discovery was made by a group of internal Binance investigators, who reportedly found that people in Iran had accessed more than 1,500 accounts on the crypto platform. Two of those accounts allegedly saw $1.7bn move to Iranian-backed groups that included Yemen’s Houthi militants throughout 2024 and 2025, according to the Wall Street Journal.
