Binance CEO Richard Teng Responds to WSJ Report: Binance Did Not Allow Sanctioned Individuals to Trade

Odaily Planet Daily News: Binance CEO Richard Teng posted on platform X to respond to the relevant report by The Wall Street Journal, stating that the report still contains "fundamental errors" regarding the facts and Binance's commitment to its compliance framework.

Richard Teng stated that all transactions mentioned by the Wall Street Journal occurred before the relevant individuals were sanctioned, and Binance did not allow any sanctioned individuals to trade on the platform.

He also noted that Binance had proactively investigated the relevant issues before being contacted by The Wall Street Journal and had provided the relevant facts, but this information was not published.

Furthermore, Richard Teng emphasized that Binance has "zero tolerance" for illegal activities and has established an industry-leading compliance system. The company will continue to cooperate with U.S. and global law enforcement agencies to combat financial crime.

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