Binance has threatened authorized motion towards The Wall Road Journal (WSJ), accusing the publication of defamation. The change demanded corrections and retraction of a current investigation into its sanctions compliance program.
CEO Richard Teng confirmed the transfer publicly on February 24. He acknowledged that the change had formally challenged the report and despatched a authorized letter outlining its objections.
Lately there was inaccurate reporting about our compliance program.
The Wall Road Journal revealed defamatory claims, and regardless of our efforts to set the file straight, the journalist didn’t acknowledge any of our corrections on the allegations. We’ve got despatched the… pic.twitter.com/rgl7KrwqUL
— Richard Teng (@_RichardTeng) February 24, 2026
Binance Denies Sanctions Violations
The letter, despatched by regulation agency Withers Bergman LLP, accuses WSJ of publishing false and deceptive claims that broken Binance’s fame.
Binance argues the article misrepresented its compliance actions and failed to incorporate the corporate’s responses supplied earlier than publication.
Particularly, Binance denies allegations that it violated Iranian sanctions or suppressed inside investigations. Its attorneys stated the report falsely prompt the change engaged in unlawful conduct and retaliated towards staff who flagged compliance dangers.
The letter additionally accused WSJ of failing to stay truthful and neutral.
The WSJ Article That Binance is Warning Authorized Actions Towards
In parallel, Binance revealed a weblog defending its compliance program and disputing the investigation’s conclusions.
The change stated it maintains greater than 1,500 compliance-related personnel and invests closely in monitoring, sanctions screening, and monetary crime detection.
It additionally acknowledged that sanctions-related publicity fell sharply between 2024 and 2025 and that any accounts linked to potential dangers had been investigated and offboarded.
Binance additional denied firing employees for elevating compliance issues.
As a substitute, it stated some staff had been dismissed after inside opinions discovered breaches of confidentiality and knowledge dealing with insurance policies.
WSJ Investigation Alleged Over $1 Billion in Iran-Linked Crypto Flows
The dispute follows a WSJ investigation that alleged Binance processed over $1 billion in crypto transactions linked to Iranian entities, together with accounts linked to sanctioned organizations.
The report additionally claimed inside investigators flagged the exercise and that some had been later dismissed, elevating issues about enforcement of sanctions controls.
Binance has rejected these claims and is now looking for formal corrections.
