Cryptocurrency exchange Binance announced the results of its security system operations and commented on recent allegations in the media. Key points from the latest report:
📊 Impressive statistics for 2024–2025:
Risk reduction: Exposure to sanction flows (direct and indirect) has decreased by 96.8% compared to the beginning of 2024.
Investment in security: The company spends over $200 million annually on compliance, with about 20% of the staff working specifically in this area.
Collaboration with authorities: In 2025, over 71,000 requests from law enforcement were processed, helping to confiscate $131 million in illegal funds.
Training: Over 160 training sessions for law enforcement on threats in the field of crypto assets have been conducted.
🔍 Detection of a transit network: The internal exchange system uncovered a complex network of suspicious transactions operating across multiple jurisdictions (including in Asia and the Middle East). Binance blocked related accounts and provided data to the authorities. Importantly, the exchange acted only as a transit link, not as the source or endpoint of these funds.
❌ Denial of allegations regarding Iran: Binance denied media reports about transactions totaling $1.7 billion related to Iran. According to the company:
The actual amount that ultimately reached Iranian wallets is approximately $126 million (of which only $24 million may be related to the IRGC).
Funds came from regulated issuers of stablecoins and payment providers from Singapore, passing through numerous intermediary wallets.
No employee has been dismissed for comments regarding compliance - the company, on the contrary, encourages internal monitoring.
It should be noted that previously the court dismissed all charges against Binance related to facilitating terrorism.