• Crypto’s biggest exchange fights back against allegations of moving billions of Iran-linked money The Wall Street Journal, The New York Times and Fortune all reported that investigators had been let go after identifying sanctions-violating transactions. • What to know: Binance accused The Wall Street Journal of publishing false and defamatory claims that it fired investigators who raised concerns about funds moving through the exchange to sanctioned, Iran-linked entities. • The company says the staff in question resigned and were not punished for compliance complaints, asserting that an internal review found no violations of sanctions laws related to the cited transactions. • Binance maintains that suspicious activity was detected and reported as evidence its controls are working, while promising a full report to the U.S. • Justice Department and insisting its sanctions exposure is minimal. • Crypto exchange Binance accused The Wall Street Journal Tuesday of publishing “false information” in a Monday article about the exchange allegedly firing employees investigating funds moving through the exchange to sanctioned entities.

Article Summaries:

  • Binance has denied claims that it fired investigators who flagged sanctions‑violating transfers to Iran‑linked entities. The crypto exchange said the staff in question resigned and that an internal review found no breaches of U.S. sanctions laws. Binance’s co‑CEO Richard Teng called the Wall Street Journal’s article “defamatory” and said the firm has detected and reported suspicious activity, asserting its controls are effective and its sanctions exposure is minimal. The exchange will submit a full report to the U.S. Justice Department. The allegations stem from reports by the WSJ, New York Times and Fortune, citing roughly $1 billion in 2023 and an additional $1.7 billion in 2024‑25.

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