Binance faces renewed scrutiny after investigators found $1.7 billion moved to Iranian entities through the world's largest crypto exchange. The funds flowed through Blessed Trust, a payment processor that handled back-office tasks for Binance while allegedly routing the money to Iran, according to records reviewed by The New York Times.

Binance maintained its relationship with Blessed Trust for over a year after warning signs emerged in public business records, including a Singapore villa address shared by the vendor's CEO and a Chinese entrepreneur whose Hong Kong office appeared on a U.S. blacklist. The exchange only cut ties with Blessed Trust this January after compliance investigators discovered the transactions, only to later fire or suspend those same investigators.

The probe comes just two years after Binance pleaded guilty to breaking anti-money-laundering laws and admitted violating sanctions against Iran, paying $4.3 billion in penalties. Its founder, Changpeng Zhao, served four months in prison before receiving a presidential pardon from Trump. The company now faces investigations from the Justice Department and multiple congressional inquiries, raising fresh concerns about crypto exchange compliance.