Binance Sues Wall Street Journal Over February Article on Iran-Linked Crypto Flows

Crypto-exchange Binance has initiated a defamation lawsuit against The Wall Street Journal concerning a February 23 article. Binance alleges the report falsely claimed the company dismantled an internal compliance probe after investigators flagged over $1 billion in crypto transactions linked to entities connected to Iran-backed militant groups. The WSJ article further claimed that concerned internal investigators were suspended or dismissed. Binance vehemently denies these allegations, asserting the investigation was never stopped and that they continued to pursue the matter internally, ultimately offboarding accounts and reporting findings to law enforcement. Binance stated the reporting caused significant reputational damage and business consequences. Separately, the WSJ reported that the U.S. Department of Justice is investigating whether Iranian actors used Binance to evade sanctions, a probe Binance claims it is unaware of.

(Source：Bitcoin Magazine)