Binance Threatens Legal Action Against Wall Street Journal Over Iran Compliance Report

Binance, through CEO Richard Teng, publicly announced it has threatened legal action against The Wall Street Journal (WSJ) over a recent investigation, demanding corrections and a retraction for what it deems defamatory claims. The legal letter, sent by Withers Bergman LLP, asserts that the WSJ article misrepresented Binance's compliance actions, falsely suggesting illegal conduct related to Iranian sanctions and retaliation against whistleblowers. Binance strongly denies violating Iranian sanctions or suppressing internal investigations, stating that employees dismissed were let go for data handling breaches, not for raising compliance concerns. In response, Binance published a blog defending its extensive compliance program, which includes over 1,500 personnel and heavy investment in monitoring, noting that sanctions-related exposure dropped significantly between 2024 and 2025. The dispute stems from the WSJ report alleging Binance processed over $1 billion in crypto transactions linked to Iranian entities.

(Source：BeInCrypto)