Binance CEO Hints at Legal Action over Report on Iranian Sanctions

Binance CEO Richard Teng publicly condemned a Wall Street Journal report alleging the crypto exchange facilitated $1.7 billion in digital assets moving to Iranian entities, calling the reporting "inaccurate" and "defamatory." Binance's legal team sent a letter to the WSJ demanding immediate corrections and a full retraction, stating the article contained false claims and failed to include the exchange's responses to questions. The WSJ article, along with a similar report from the New York Times, claimed internal investigators found funds flowing to Iranian entities linked to terrorist groups and that executives fired those who reported the findings. Teng directed followers to a blog post detailing Binance's compliance program, as the exchange continues to push back against what it calls categorically false claims regarding Iranian sanctions violations.

(Source：Cointelegraph)