Binance Responds to WSJ Report on Alleged Iran-Linked Transactions
Tech Binance Responds to WSJ Report on Alleged Iran-Linked TransactionsBinance disputed WSJ claims and said reported transactions occurred before sanctions were imposed.Internal reports allegedly linked $850 million in Binance transfers to Babak Zanjani accounts.Binance said it investigated the activity early and continues working with global regulators. Binance Chief Executive Officer Richard Teng pushed back against a report by The Wall Street Journal alleging that Iranian-linked entities continued to move funds through the crypto exchange despite sanctions scrutiny of the company. The response followed claims that accounts linked to Iranian businessman Babak Zanjani remained active on the platform for months after internal investigators reportedly identified suspicious activity linked to sanctions evasion and money laundering. In a statement on X, Teng said the newspaper‘s reporting contained “fundamental inaccuracies” regarding Binance’s compliance operations and handling of sanctioned entities. He stated that the transactions referenced in the report occurred before the individuals involved were sanctioned and added that Binance had already begun investigating the matter before the newspaper contacted the company. The WSJ‘s reporting continues to contain fundamental inaccuracies about the facts and Binance’s commitment to a strong compliance framework. Fact: Binance did not permit any transactions with sanctioned individuals on its platform, and transactions mentioned by WSJ happened… — Richard








