Svmuu News Binance issued a statement in response to a letter of inquiry regarding anti-money laundering issues sent by U.S. Senator Richard Blumenthal on February 24, 2026,The inquiry was partially based on allegations in recent media reports that were “inaccurate, unsubstantiated, and defamatory,” and the company emphasized that it maintains a rigorous and continuously strengthened compliance and sanctions control system. Binance stated that it has established strict KYC and compliance procedures and explicitly prohibits users located in or residing in Iran from using the platform.Regarding the two entities mentioned in the letter, Hexa Whale and Blessed Trust, Binance stated that it launched internal investigations following cooperation with law enforcement agencies and removed the relevant entities from the platform in August 2025 and January 2026, respectively. Furthermore, to the best of its knowledge,no Binance accounts have directly transacted with Iranian entities. In recent years, the company has invested hundreds of millions of dollars in building compliance infrastructure, and its global compliance team now exceeds 1,500 members.Throughout 2025, Binance processed over 71,000 requests from law enforcement agencies and, over the past three years, assisted law enforcement in freezing or recovering more than $752 million in funds, of which approximately $579 million was related to cases involving U.S. government agencies.Additionally, citing blockchain analysis data, Binance. reported that between January 2024 and July 2025, the proportion of wallet transactions on the platform associated with suspected illegal activities dropped from 0.284% to 0.009%, a decrease of nearly 97%.Exposure to risks associated with Iran-related cryptocurrency exchanges has also decreased by 97.3% over the past two years. Binance stated that when credible risk information is identified, the company conducts investigations, implements risk mitigation measures, closes relevant accounts, and reports to law enforcement agencies, and will continue to strengthen its compliance framework and cooperation with law enforcement.