Binance said its Binance sanctions exposure dropped about 97% since January 2024. The exchange said its exchange volume exposure tied to sanctioned entities now sits near 0.009%.
The statement came in a Monday blog post titled “Setting the record straight.” Binance said it has reduced exposure to high risk jurisdictions, including exposure linked to Iran sanctions compliance.
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The post followed a Feb. 13 Fortune report that cited anonymous sources. That report alleged Binance fired at least five compliance investigators who found evidence of Iranian sanctions violations.
Binance sanctions exposure falls to 0.009% as exchange answers reporting
Binance said its Binance sanctions exposure as a share of total volume fell sharply since January 2024. It put the current share at around 0.009%. It said the decline equals roughly 97%.
In the same post, Binance pushed back on outside accounts. It wrote:
“Recent reporting on Binance’s sanctions compliance relies on incomplete and mischaracterized accounts that do not reflect all of the facts and the full investigative record.”
The company did not name specific claims in that quote.
Earlier, Binance also addressed the Fortune report directly. In a Feb. 15 statement, it said the report was “categorically false.”
It also said: “No investigator was dismissed for raising compliance concerns or for reporting potential sanctions issues.”
Iran sanctions compliance figures show $4.19 million cut to $110,000
Binance added numbers tied to Iran sanctions compliance and specific counterparties. It said it reduced direct exposure to the four top Iranian exchanges by more than 97%.
The company said the figure fell from $4.19 million to $110,000. It said the change occurred between January 2024 and January 2026. It framed the drop as reduced direct exposure.
The exchange also linked its comments to past scrutiny. It said it faced attention in 2022 after a Reuters 2022 report alleged Iranian users continued trading after the exchange blacklisted the country.
Binance referenced that history while discussing sanctioned entities and high risk jurisdictions.
Compliance investigators issue shifts to data protection guidelines after Fortune report
The Fortune report alleged Binance fired five compliance investigators tied to sanctions work.
Binance said that account did not match its internal record. It repeated that no one lost a job for raising sanctions concerns.
Instead, Binance said some compliance staff left after an internal review. It said the review found “breaches of company data protection and confidentiality guidelines.” The firm presented this as the reason behind departures.
Binance also shared workforce and spending figures tied to enforcement. It said about 25% of its global headcount works in compliance roles.
It also said it has invested “hundreds of millions of US dollars” in compliance programs.
The company tied those claims to its broader message on Binance sanctions exposure and Iran sanctions compliance.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: February 23, 2026 • 🕓 Last updated: February 23, 2026
