Binance Slams Wall Street Journal Over Sanctions Compliance Report

Binance, one of the world's largest cryptocurrency exchanges, has issued a warning to the Wall Street Journal (WSJ) over an investigation into its sanctions compliance program. In a formal letter, Binance accused the publication of publishing false and misleading claims that damaged its reputation.

The exchange denied allegations that it violated Iranian sanctions or suppressed internal investigations, which were raised in the WSJ's report. Binance's lawyers argued that the article misrepresented its compliance actions and failed to include the company's responses provided before publication.

Binance has maintained a strong commitment to sanctions compliance, with over 1,500 personnel dedicated to monitoring and detecting financial crime. The exchange invests heavily in screening and detection technologies to ensure adherence to international regulations.