Binance disputes Senator Blumenthal's Iran-related claims in detailed February 24 response

On February 24, Binance received a letter from Senator Richard Blumenthal and later replied with a lengthy rebuttal rejecting allegations related to Iran, money laundering, and platform compliance. The exchange said it blocks users in Iran, has not identified direct trades with Iran-based entities, and has offboarded Hexa Whale and Blessed Trust after internal reviews. Binance also highlighted substantial investments in compliance, expanded staff headcount, and cooperation with law enforcement, while denying reports that employees were punished for raising compliance concerns.