Binance Rejects Sanctions: TRX Analysis

Binance denied Fortune magazine’s claims that it violated sanctions and fired investigators who complained about compliance. Fortune reported that between March 2024 and August 2025, Iran-linked entities transferred over $1 billion in USDT stablecoin through the platform, with these transactions occurring on the Tron blockchain. According to the report, at least five investigators who documented the activities were fired, and senior compliance staff left.

Binance’s response to Fortune report. Source: Richard Teng

Binance stated that it conducted a full internal review with external legal counsel and did not violate sanctions. In the response shared by the exchange’s CEO Richard Teng, the claim that investigators were fired due to compliance concerns was described as “completely false.” Binance also stated that it fulfilled its regulatory obligations and cooperated under audit. This discussion comes after the $4.3 billion AML and sanctions settlement with US authorities in 2023. The Financial Times had also raised similar compliance criticisms.

TRX Technical Analysis: Current Market Situation

Discussions about USDT transfers on the Tron (TRX) blockchain are affecting the TRX price. Current price $0.28, 24-hour change -0.21%. RSI at 42.92 is in the neutral zone, overall trend downward (Supertrend: Bearish, EMA 20: $0.2834). Click for detailed TRX analysis.

• Support Levels:
• S1: $0.2798 (Score: 88/100 ⭐ Strong, Distance: -0.25%)
• S2: $0.2739 (Score: 72/100 ⭐ Strong, Distance: -2.35%)
• Resistance Levels:
• R1: $0.2808 (Score: 86/100 ⭐ Strong, Distance: +0.11%)
• R2: $0.2950 (Score: 76/100 ⭐ Strong, Distance: +5.17%)

Critical Support and Resistance Levels for TRX

TRX is holding at strong S1 support but may test R1 with bearish signals. Investors can take positions with TRX futures. High correlation with altcoins.

Binance Sanctions Claims and TRX FAQ

• Did Binance violate sanctions? No, the official review came out clean.
• Why is the TRX price falling? Sanctions news and general downtrend effect.
• What is the TRX support level? Strongest S1: $0.2798.
• Do USDT transfers affect TRX? Increases Tron network density, raises volatility.