Binance Joint CEO Demands Correction for "Defamatory" Wall Street Journal Report

Binance Co-CEO Richard Teng stated on X (formerly Twitter) that "recent reports regarding our compliance program have been inaccurate." Teng further elaborated, "The Wall Street Journal published defamatory statements. Despite our efforts to clarify the facts, the journalist has not acknowledged any of our corrections to the allegations. We have sent a letter demanding an immediate correction and full retraction of these false statements."

Binance previously clarified its compliance initiatives, asserting that recent reports on its sanctions compliance were based on incomplete and misleading descriptions that did not reflect the full facts or complete investigation records. Regarding its exposure to Iranian crypto exchanges, Binance has reduced its direct risk exposure to the country's four largest exchanges by over 97.3% between January 2024 and January 2026, decreasing from $4.19 million to $110,000.

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