# Binance Customer With Iran Links Faced U.S. and Swiss Scrutiny

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/29390
Published: 2026-10-10T04:42:18.000Z
Updated: 2026-10-10T04:42:18.000Z
Section: Regulation

> The exchange blocked the customer’s accounts in late 2025 and removed the final account in May 2026 amid broader sanctions concerns.

A Binance customer linked to an Iranian financial network faced scrutiny from U.S. and Swiss law-enforcement officials after transactions with an Iranian money changer and repeated account access from Tehran.

Binance classified the customer as a “high-value customer,” a designation that provided lower fees and personalized service. Senior approval was required before the account could be removed.

Binance said it blocked the relevant accounts in late 2025 and removed the final account in May 2026. The customer was linked to a cryptocurrency firm operated by Iranian financier Babak Zanjani, whom the Treasury Department designated under U.S. sanctions authorities.

The customer’s identity, transaction value and whether the scrutiny led to charges remain unclear.

Separately, the Justice Department alleged that Blessed Trust and Hexa Whale used Binance accounts to launder more than $1.5 billion in Iranian oil proceeds. The department is seeking forfeiture of about $61 million in cryptocurrency.

Binance said its investigation found that at most $126.1 million reached Iran-linked wallets, including up to $24.1 million linked to wallets associated with Iran’s Islamic Revolutionary Guard Corps. The exchange pleaded guilty in 2023 to U.S. anti-money-laundering and sanctions violations and agreed to pay about $4.3 billion.