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Babak Zanjani, an Iranian businessman, reportedly conducted about $850 million in transactions over two years on the world's largest cryptocurrency exchange.
Babak Zanjani reportedly conducted $850 million in crypto transactions on Binance over two years.
KEY POINTS
- Zanjani's associates managed multiple flagged accounts using the same devices to evade sanctions.
- Iran's central bank transferred $107 million in crypto into Binance accounts in 2023.
- Authorities tracked about $260 million in 2024-2025 Binance transactions linked to sanctioned Iranian entities.
- Iran reportedly holds a $7.7 billion crypto stash, largely from state-approved Bitcoin mining.
COMPANIES
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