Binance Denies Allegations of Sanctions Violations

Binance has responded strongly to a recent investigation by The Wall Street Journal (WSJ) into its sanctions compliance program. According to reports, Binance has threatened legal action against WSJ, accusing the publication of defamation.

The dispute follows an article published by WSJ, which alleged that Binance processed over $1 billion in crypto transactions linked to Iranian entities, including accounts connected to sanctioned organizations. The report claimed that internal investigators flagged the activity and that some were later dismissed, raising concerns about enforcement of sanctions controls.

Binance has denied the allegations, stating that its compliance program works properly and that it maintains more than 1,500 compliance-related personnel. The exchange also claims that sanctions-related exposure fell sharply between 2024 and 2025, and that any accounts linked to potential risks were investigated and offboarded.

Binance's response has been critical of WSJ's reporting, with the exchange accusing the publication of publishing false and misleading claims that damaged its reputation. The exchange has also accused WSJ of failing to remain fair and impartial in its investigation.