Justice Department warns Binance cooperation may decline

3 min read

The U.S. Department of Justice circulated an internal memo warning staff that Binance's willingness or ability to assist on crypto enforcement matters would decrease beginning June 8, a claim the exchange has denied. The memo itself has not been released publicly, complicating verification. Binance in 2023 pleaded guilty and agreed to roughly $4.3 billion in penalties and court-ordered monitors from Forensic Risk Alliance and the Treasury, which require cooperation. Separately, a 2025 DOJ policy shift and 2026 Senate concerns about Iran-linked transactions add regulatory context, and June 8 has passed without a public enforcement action.

DoJ warned of reduced Binance cooperation starting June 8.