Binance Launches Defamation Lawsuit Against Wall Street Journal Over Iran Sanctions Claims
Binance is suing the Wall Street Journal for defamation over claims regarding its handling of transactions linked to sanctioned Iranian entities.Summary
Binance has filed a defamation lawsuit against Dow Jones & Company, the publisher of the Wall Street Journal, in the U.S. District Court for the Southern District of New York. The lawsuit stems from a WSJ article published last month alleging that Binance fired compliance staff who flagged $1 billion in transactions connected to sanctioned Iranian entities and subsequently shut down an internal investigation. Binance refutes these claims, stating that investigations are ongoing, suspicious accounts were reported to authorities, and staff departures were due to breaches of data protection policies, not retaliation. The exchange asserts it provided factual corrections to the WSJ before publication, which were ignored, resulting in reputational damage and triggering government inquiries. Dugan Bliss, Binance’s Global Head of Litigation, stated the lawsuit is “a necessary step to defend ourselves against misinformation.” A Wall Street Journal spokesperson maintains the outlet stands by its reporting.
(Source：The Daily Hodl)