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U.S. Senator Probes Into Binance Over Alleged $1.7B Iran Ties | CoinDesk Daily

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7698 Ratings

🗓️ 25 February 2026

⏱️ 2 minutes

🧾️ Download transcript

Summary

U.S. Senator probes into Binance over alleged ties to Iran. U.S. Senator Richard Blumenthal has opened an investigation into Binance following reports that $1.7 billion was transferred to Iran-linked organizations. Binance denies the claims, but is the world's largest exchange in trouble again given sanctions violations in the past? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0

U.S. Senator probes Binance over alleged ties to Iran and crypto-related content banned in the

0:05.7

OpenClaude Discord. You're watching Coin Desk Daily. I'm Jen Sanassi.

0:15.3

Binance is back in the hot seat in Washington. U.S. Senator Richard Blumenthal has officially

0:20.2

launched a probe into the exchange over allegations that $1.7 billion was transferred to Iran-linked entities, including Houthi militants.

0:28.5

The investigation follows bombshell reports that internal finance compliance staff were fired for flagging the suspicious transfers.

0:35.6

Finance is denying the claims with a spokesperson stating the exchange has strict K-YC procedures in place and has, quote,

0:42.0

zero Iranian users.

0:44.0

The probe comes just months after founder Changpeng Zao served prison time for similar anti-money laundering violations before being pardoned.

0:52.1

Finance says an internal report on the matter is being handed over to the Department

0:55.7

of Justice today.

0:56.5

Don't mention Bitcoin in OpenClaas Discord if you don't want to be banned.

1:00.7

Peter Steinberger, the developer behind the wildly popular open source AI agent framework,

1:06.1

has enforced a blanket no crypto rule for the community server.

1:10.2

The extreme measure stems from a nightmare

1:12.0

scenario in January where scammers hijacked Steinberger's old social handles and launched a fake

1:17.5

token on Solana. This scam pumped to a $16 million market cap before crashing 90%, leaving

1:23.5

Steinberger to deal with severe harassment from angry traders. While OpenClaught is now thriving under a new independent foundation,

1:30.7

the crypto ban remains a permanent scar from the ordeal.

1:33.6

And to the worst of Bitcoin's brutal, 50% drawdown might be behind us.

1:37.9

According to Glass No Data, the hash ribbon indicator is flashing a signal

1:41.6

that one of the longest Bitcoin minor capitulations on record

1:44.8

is nearing its end. Capitulation happens when mining costs exceed revenue, forcing miners

...

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