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Binance faces US senator's inquiry over reported Iranian, Russian transactions

( February 24, 2026, 21:20 GMT | Official Statement) -- MLex Summary: US Senator Richard Blumenthal, ranking member of the Senate Permanent Subcommittee on Investigations, wrote to Binance chief executive Richard Teng, raising concerns about recent reporting that the company appears to have helped prop up Iranian-linked terrorist organizations and illicit Russian oil sales. As part of a preliminary inquiry into the illicit use of cryptocurrencies by sanction entities, Blumenthal is seeking information and records from Binance, including details on why the exchange chose to suspend, and in some cases, terminate compliance personnel who discovered illicit Iranian and Russian use of the platform.Statement follows below. See attached file....

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