Binance has recently come under scrutiny after employees discovered that $1.7 billion in cryptocurrency was funneled to Iranian entities, prompting the firing of staff who flagged a $1 billion dollar fund movement to these sanctioned parties. Despite the allegations, Binance claims to have significantly enhanced its compliance measures, reporting a 97% reduction in sanctions exposure since 2024. The company highlights its strong global compliance program, detailing a drop in sanctioned transaction rates and a commitment to collaboration with law enforcement. However, the timing of the layoffs raises concerns about transparency, especially following whistleblower claims linking the firm to substantial payments related to Iran.