FORBES · 2026-11-09 15:20 UTC

Binance Fired Investigators During Iran Probe. One Of Them Is Talking To The IRS

A former Binance senior financial crimes investigator told IRS agents he left after the company suspended him and colleagues over an investigation into accounts funneling money to Iran. The investigation, code-named "Operation Loclock," covered about 2,000 suspected Iran-linked accounts that moved roughly $1.2 billion, which he says Binance ignored; Binance says the probe was never shut down and the investigators were fired for mishandling client data. The DOJ and IRS have since issued subpoenas and warrants, including a $61 million seizure warrant tied to alleged laundering of Iranian oil…

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