Sen. Richard Blumenthal (D-NY) has launched an investigation into Binance (CRYPTO: BNB) after $1.7 billion flowed to Iranian terrorists including the Revolutionary Guard Corps, demanding records on why compliance staff who discovered the transfers were fired.

The $1.7 Billion Flow

Blumenthal wrote to Binance CEO Richard Teng citing Wall Street Journal, New York Times, and Fortune reports.

Binance compliance staff found two partners—Hexa Whale and Blessed Trust—acted as intermediaries for laundering money to Iranian government entities.

Internal investigators found cryptocurrency transfers to wallets associated with Iran’s Islamic Revolutionary Guard Corps and payments to crew members…

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