Binance Co-CEO: Wall Street Journal's Compliance Allegations Are False, Demands Full Retraction

Odaily News Binance Co-CEO Richard Teng posted on X, stating: "There have been some recent false reports regarding our compliance program. The Wall Street Journal published defamatory statements, and despite our efforts to clarify the facts, the reporter has not acknowledged any of our corrections to the related allegations. We have sent a letter demanding immediate correction and a full retraction of these false statements."

In a previous clarification regarding its compliance program, Binance stated that recent reports on Binance's sanctions compliance relied on incomplete and erroneous descriptions that did not reflect the full facts and the complete investigation record. Regarding exposure to Iranian crypto exchanges, from January 2024 to January 2026, Binance reduced its direct exposure to the country's four major exchanges by over 97.3%, from $4.19 million to $110,000.