The US Justice Department is investigating whether Iran used the cryptocurrency exchange Binance to evade American sanctions, according to a Wednesday report from The Wall Street Journal.  According to the report, investigators are examining whether digital transfers moving through the platform helped channel funds linked to Iranian networks and proxy groups.

The Wall Street Journal reported that the probe follows an internal Binance investigation into suspicious transactions that allegedly identified more than $1 billion in flows connected to a network funding Iran-backed terrorist groups.

The report also said it could not determine whether US authorities are investigating Binance itself, specific users on the platform, or both.

Binance…