The Justice Department checks whether Binance kept its $4.3 billion promise, as a new report says $67 million went to wallets tied to Iran's Revolutionary Guard

The US Justice Department is looking at whether Binance is living up to the 2023 settlement that ended its criminal case. Tysen Duva, who heads the department's Criminal Division, told Bloomberg this week that officials are reviewing the exchange's compliance with that deal, which included a $4.3 billion penalty, a guilty plea and tighter compliance rules. Separately, authorities are probing activity on the platform for possible Iran sanctions breaches. Duva declined to give details and did not say Binance was in violation.

The review comes as the Wall Street Journal reported that Binance's own investigators linked 21 accounts to Babak Zanjani, an Iranian financier under US sanctions. Those accounts processed about $850 million, and an internal Binance report found at least $67 million moved from two of them to wallets that Israeli authorities identified as linked to Iran's Islamic Revolutionary Guard Corps, according to accounts of the Journal's report by Benzinga and BeInCrypto. The Journal first put the network's Binance activity at $850 million in May, Cointelegraph reported.

Binance said it had already identified the accounts and restricted the activity, and that total trading volume should not be read as money that reached the Guard.

The department has not said which incidents, if any, are part of its review. The 2023 deal also required Binance to keep an independent compliance monitor.