Binance founder Changpeng Zhao has refuted claims that the company dismissed investigators after they uncovered transactions linked to Iran. Zhao labeled the report as "self-contradictory," arguing that if the allegations were accurate, it would imply a failure on the investigators' part to prevent such activities. He emphasized that Binance employs third-party anti-money laundering tools used by law enforcement agencies. The controversy stems from a Fortune report indicating that at least five Binance investigators were terminated after identifying over $1 billion in transactions involving Iranian affiliates, primarily conducted on the Tron blockchain using Tether's USDT. Additionally, several senior compliance officers have reportedly left Binance, and the company is seeking a replacement for its Chief Compliance Officer, Noah Perlman, who is set to depart later this year.