The U.S. Department of Justice is reviewing whether Binance violated its 2023 settlement agreement, following investigations suggesting the exchange may have breached sanctions against Iran, Bloomberg reported. Federal prosecutors are seeking to seize $61 million allegedly linked to Iranian oil sales and laundered through Binance. If a breach of the agreement is confirmed, Binance could face renewed criminal prosecution and billions of dollars in additional fines. No charges of wrongdoing have been filed against Binance or its employees at this time. Binance stated it continues to strengthen its compliance controls and cooperate with law enforcement.