POPA ReconBinance Refutes WSJ Claims on Compliance and Iran Exposure
Binance Refutes WSJ Claims on Compliance and Iran Exposure Binance is disputing a new Wall Street Journal report alleging the exchange was used in a large Iran-linked transaction network involving roughly $850M in activity. The WSJ claimed Iranian financier Babak Zanjani operated a network that moved funds through Binance, including a main trading account allegedly active for over a year and supported by related accounts controlled by associates. Binance CEO Richard Teng rejected the allegations on X, calling the reporting “fundamentally inaccurate” and stating the transactions occurred be…
The excerpt is quoted from a public Telegram channel, which owns its text.