Binance sues Wall Street Journal over February article on Iran-linked crypto flows, says claims are ‘false and defamatory’
Binance is suing the Wall Street Journal for defamation over a February article alleging the exchange facilitated Iran-linked crypto transactions.Summary
Binance has filed a lawsuit against The Wall Street Journal, alleging that a February article contained false and defamatory claims regarding its handling of cryptocurrency flows linked to Iran-backed militant groups. The lawsuit targets a report that claimed Binance had suppressed an internal investigation into over $1 billion in such transactions. Binance vehemently denies these claims, stating that its investigation continued, identified complex financial activity, and reported findings to law enforcement. The exchange asserts that the Wall Street Journal continues to publish inaccuracies and that the lawsuit is a response to this ongoing issue. This legal challenge coincides with reports that the U.S. Justice Department is investigating whether Iran used Binance to evade sanctions, though Binance claims it is unaware of any such investigation and continues to cooperate with regulators.
(Source：The Block)