The world’s largest cryptocurrency exchange, Binance, is reportedly at the heart of a secret payment network established by Iranian billionaire financier Babak Zanjani to fund Iran’s military forces.

Binance’s internal investigators concluded that the accounts were part of a money-laundering network designed to fund the Iranian regime, as per the report.

WSJ also reported that Iran’s central bank allegedly transferred $107 million in cryptocurrency into Binance accounts last year, while foreign investigators tracked roughly $260 million in transactions during 2024 and 2025 between Binance-linked accounts and wallets tied to sanctioned Iranian entities and suspected terrorist…

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