Binance Denies Claims and Files Lawsuit Against Wall Street Journal

[cryptoenthusiast]

Cryptocurrency exchange Binance has strongly denied allegations that it dismantled an internal investigation related to Iranian-linked transactions. The company says reports by The Wall Street Journal are false and has filed a defamation lawsuit against the publication in the United States District Court for the Southern District of New York, seeking damages and legal fees.

The dispute comes amid broader regulatory scrutiny of the exchange. In 2023, Binance pleaded guilty to violations involving anti-money-laundering and sanctions laws, paying a $4.3 billion fine. Former CEO Changpeng Zhao later served four months in prison in 2024 before receiving a pardon from Donald Trump in 2025.

[chainsniff]

changpeng zhao went to prison for 4 months and got pardoned by trump peak billionaire perks

[ed]

regulatory pressure combined with past fines and leadership controversies could affect investor confidence and platform operations