Binance has issued a compliance statement addressing media reports about its involvement with Iran-linked fund flows, highlighting inaccuracies in the coverage. The company revealed its investigation uncovered a complex network of funds across Asia and the Middle East, initially sourced from regulated stablecoin issuers and a Singaporean digital payment service. Approximately $126.1 million was transferred through multiple wallets to Iran-linked accounts, with about $24.1 million associated with the Iranian Revolutionary Guard Corps. Binance clarified that these funds neither originated nor terminated on its platform. Upon identifying suspicious activities, the exchange deactivated the relevant accounts and reported them to law enforcement. Binance also denied any employee dismissals related to compliance investigations. The company emphasized that its compliance efforts have significantly reduced exposure to sanction-related risks and affirmed its ongoing cooperation with law enforcement agencies.