Binance Blocked 21 Accounts Associated With Iranian Financier Babak Zanjani

Binance blocked 21 accounts associated with Iranian financier Babak Zanjani that handled about $850 million in transactions overall.

At least $67 million allegedly moved from 21 Binance accounts linked to Iranian financier Babak Zanjani to wallets associated with Iran’s Islamic Revolutionary Guard Corps, highlighting a major sanctions and illicit-finance risk for crypto markets.

The accounts handled about $850 million in transactions overall. The total includes all activity tied to the accounts and does not represent the amount allegedly sent to IRGC-associated wallets.

Sukhrob Oimakhmadov, identified as a Binance high-value customer, received more than $10 million. The account also logged in from Tehran multiple times.

Binance said it blocked the relevant accounts and emphasized that the combined transaction volume should not be treated as money directed to the IRGC. The case centers on whether crypto infrastructure was used to move funds connected to a U.S.-sanctioned Iranian financier and entities associated with Iran’s military force.