The report, authored by Dr. Udi Levi and published on August 13, 2026, states that United States Department of Justice investigations found Binance "enabled the transfer of more than $1.7 billion" from accounts belonging to customers and proxies connected to Iranian terrorist financing networks.
Cryptocurrency exchange Binance enabled the transfer of more than $1.7 billion connected to Iranian terrorist financing networks and allowed over 2,000 accounts physically located in sanctioned Iran to trade freely on its platform, according to a new report by the Amit Terrorism and Intelligence Research Institute (ITIC).
ITIC, also known as the Meir Amit Intelligence and Terrorism Information Center, is an Israeli research institute that specializes in analyzing terrorism, intelligence, and security issues, particularly in the Middle East. It was named after Meir Amit, a former head of Israeli military intelligence and the Mossad.
The report, authored by Dr. Udi Levi and published on August 13, 2026, states that United States Department of Justice investigations found Binance "enabled the transfer of more than $1.7 billion" from accounts belonging to customers and proxies connected to Iranian terrorist financing networks.
