Crypto giant Binance is reportedly facing US probe for violating Russian sanctions

Binance is reportedly facing yet another investigation by the US Justice Department, and this time, it's over possible violations against sanctions imposed against Russia. According to Bloomberg, the agency is looking into whether the cryptocurrency exchange allowed Russian customers to move money as a way to go around US sanctions on the country's financial institutions. The news organizations' sources also said that Binance is discussing the possibility of settling with the DOJ regarding previous allegations that the exchange was also used to move money to circumvent US sanctions against Iran.