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Binance CEO Threatens Legal Action Over Iran Sanctions Reporting

Binance CEO Threatens Legal Action Over Iran Sanctions Reporting

Author:

Global Cryptocurrency

Published:

2026-02-24 20:34:02

9

1

BTCCSquare news:

Binance CEO Richard Teng has signaled potential litigation against The Wall Street Journal and The New York Times following reports alleging $1.7 billion in crypto transfers between the exchange and Iran-linked entities. The articles claim internal audits revealed transactions violating U.S. sanctions, with implicated employees reportedly dismissed.

Teng denounced the reports as "defamatory" in a statement, noting Binance's legal team demanded retractions. A letter to WSJ editor Emma Tucker called the coverage "false and misleading," threatening enforcement action if unresolved. The exchange maintains its compliance program meets regulatory standards despite recent scrutiny.

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