Binance Holdings Ltd. announced on Wednesday that it filed a lawsuit against The Wall Street Journal over its "false and defamatory" report published on February 23, 2026, which claimed that the crypto exchange dismantled an investigation into $1 billion moved through Binance to a network funding Iran-backed organizations.
"Our compliance approach is operational and repeatable: when there is credible risk information, we investigate, mitigate, offboard where appropriate, and report to relevant authorities," the company stated, claiming that "risk cannot be reduced to absolute zero on any blockchain platform," since public blockchains allow any party to send assets to an exchange deposit address without the exchange's prior knowledge.
Meanwhile, the newspaper reported earlier today that the United States Department of Justice launched an investigation into Iran's use of Binance to avoid sanctions after the crypto exchange reportedly dismantled the internal investigation.
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