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The trail of clues leading to Iran that Binance missed
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Public business filings showed that Blessed Trust's chief executive officer shared a Singapore villa with a Chinese entrepreneur whose corporate office was placed on the US blacklist.
PHOTO: ORE HUIYING/NYTIMES
David Yaffe-Bellany, Michael Forsythe
NEW YORK - The clues started emerging in November 2024, a trail of evidence that pointed to possible financial crimes involving a vendor for Binance, the world’s largest cryptocurrency exchange.
Some clues were in plain sight, found in public business records in Singapore and Hong Kong, on a US trade blacklist and in Binance transaction logs that showed hundreds of millions of dollars flowing through the account of a 78-year-old Chinese man.
