Binance Denies WSJ Report Alleging $850M in Iran-Linked Crypto Transactions
Cointelegraph
Binance CEO Richard Teng refuted a Wall Street Journal report alleging the exchange facilitated $850 million in transactions linked to sanctioned Iranian entities.Summary
Binance CEO Richard Teng has publicly contested a Wall Street Journal report claiming the exchange processed $850 million in crypto transactions for sanctioned Iranian financier Babak Zanjani. Teng labeled the report "fundamentally inaccurate," stating that Binance maintains strict compliance protocols and did not knowingly facilitate transactions with sanctioned individuals. The Journal report alleged that accounts linked to Zanjani’s firm, Zedcex, remained active despite internal compliance alerts. Binance, which previously settled U.S. anti-money laundering charges for $4.3 billion, maintains that it continues to uphold robust compliance standards and denies ongoing illicit activity.
(Source：Cointelegraph)