Binance sues WSJ over article alleging Iran sanctions violations

The suit addresses allegations regarding the interior oversight of the organization, targeting a study published connected February 23 which alleges that the institution fired employees who marked $1 cardinal successful crypto transactions connected the speech linked to sanctioned Iranian entities. Binance claimed the work contained defamatory statements regarding its concern practices and that the reporting caused authorities officials to motorboat baseless inquiries into the platform.

In its property merchandise astir the suit, the cryptocurrency speech said that it reported a 96.8% simplification successful sanctions-related vulnerability arsenic a stock of full speech measurement from January 2024 to July 2025.

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“We presumption this suit arsenic a indispensable measurement to support ourselves against misinformation, clasp The Wall Street Journal accountable for prioritizing clicks implicit journalistic integrity,” Binance’s Global Head of Litigation Dugan Bliss stated.

In the aforesaid complaint, Binance said that it employs much than 1,500 individuals successful compliance roles worldwide, representing astir 25% of its full planetary workforce.

The speech said that it processed much than 71,000 instrumentality enforcement requests globally during 2025, assisting successful freezing and recovering hundreds of millions of dollars linked to fiscal crimes passim the year.

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