PANews reported on March 11 that, according to the Wall Street Journal, the U.S. Department of Justice is investigating how Iran used Binance, the world's largest cryptocurrency exchange, to circumvent U.S. sanctions. The report, citing company documents and sources familiar with the matter, stated that a previous internal investigation within Binance into the suspicious flow of over $ 1 billion through the platform to a network that funds Iranian-backed terrorist organizations, including the Houthi rebels in Yemen, was halted. The investigation focuses on the flow of these funds on Binance and the associated compliance risks.