Binance Staff Uncover $1.7B Iranian Crypto Transfers

wait wait wait. this is HUGE. so apparently Binance employees found out that like 1.7 BILLION dollars in crypto got sent to Iranian entities. and the worst part? this was happening even AFTER binance pleaded guilty to AML violations in 2023. they are literally firing employees who found this stuff. the NYTimes is reporting it. the biggest crypto exchange in the world, caught again with potentially illegal activity. i been saying for years that these exchanges need serious oversight. this is exactly why regulators are going crazy on crypto right now. the sanctions against Iran are no joke and sending crypto there is a huge legal risk. and the thing is - if THIS much got found, how much more is still hidden? the whole industry reputation is taking a massive hit. we need transparency ASAP. other exchanges should take note - this is what happens when you do not properly vet transactions. the US government is not playing around with crypto regulation anymore. the DOJ and SEC are watching these exchanges like hawks. this could lead to more regulatory crackdowns across the entire industry. binance has been trying to clean up their act but clearly there is still a lot of problems lurking under the surface. the irony is that crypto was supposed to be transparent but these centralized exchanges are just as shady as traditional finance sometimes.