Binance is suing The Wall Road Journal over an article revealed on February 23, 2026, which the crypto change calls false and damaging to its repute, in keeping with a Wednesday weblog put up.
We now have filed a grievance towards the @WSJ for publishing a false and defamatory report, and to shine the sunshine of fact.
We view this swimsuit as a essential step to defend ourselves towards misinformation, maintain the WSJ accountable for prioritizing clicks over journalistic… pic.twitter.com/c4BPAi95Kh
— Binance (@binance) March 11, 2026
The lawsuit was revealed shortly after the Journal reported that the US Justice Division launched an investigation into Iran’s alleged use of Binance to evade sanctions and help militant entities.
The probe follows investigative reviews from each the Journal and The New York Instances in February, claiming that Binance maintained about 2,000 accounts related to Iran and processed near $2 billion in transfers.
The retailers additionally alleged that companions Hexa Whale and Blessed Belief helped route transactions tied to Iranian state entities and militant teams, whereas workers who raised issues internally have been stated to have been suspended or fired.
An earlier report from Fortune famous that Binance dismissed a number of senior compliance investigators who uncovered potential Iranian sanctions violations involving over $1 billion in transactions utilizing Tether from March 2024 to August 2025.
The reviews led Richard Blumenthal, a US senator from Connecticut, to start investigating Binance. In a letter to Binance CEO Richard Teng, he requested documentation on the transactions, potential crypto-linked cash laundering, and the termination of employees who flagged issues internally.
Binance has repeatedly pushed again towards these allegations. In its newest assertion, the change stated that the WSJ reporting led to pointless authorities investigations and undermined stakeholder belief.
The corporate famous that its large-scale compliance program, with greater than 1,500 workers and superior threat monitoring instruments, has achieved measurable reductions in sanctions and illicit publicity.
“Binance recognized the suspicious exercise related to Iran based mostly on data from exterior legislation enforcement mixed with a radical investigation. Binance additionally cooperated with legislation enforcement and offboarded the accounts, in keeping with relevant legislation and with sustaining a sturdy and wholesome compliance perform,” the change wrote within the submitting.
Binance stated it should proceed strengthening oversight and correcting misinformation affecting its 300 million customers worldwide.
