Binance CEO Richard Teng has rejected a brand new Wall Road Journal report, saying it incorporates improper claims in regards to the change’s sanctions controls.
Teng mentioned in a submit on X that the WSJ report incorporates “elementary inaccuracies” about Binance and its compliance program. He mentioned Binance didn’t allow transactions with sanctioned people and that the transactions talked about by the publication occurred earlier than the folks concerned have been sanctioned.
The WSJ reported that Iranian-linked networks used Binance accounts to maneuver giant sums, together with funds allegedly tied to sanctioned exercise. The report mentioned the exercise concerned accounts linked to financier Babak Zanjani and crypto agency Zedcex. Binance disputed the claims and mentioned the data was inaccurate.
Teng says Binance reviewed the matter
Teng mentioned Binance had already reviewed the problems earlier than the WSJ contacted the corporate. He additionally mentioned Binance gave these particulars to the publication, however they weren’t included within the report.
The WSJ’s reporting continues to comprise elementary inaccuracies in regards to the details and Binance’s dedication to a powerful compliance framework.
Reality: Binance didn’t allow any transactions with sanctioned people on its platform, and transactions talked about by WSJ occurred…
— Richard Teng (@_RichardTeng) Might 22, 2026
He added that Binance has “zero-tolerance for illicit exercise” and can proceed working with U.S. and international law-enforcement businesses to struggle monetary crime. The remark retains Binance’s protection targeted on timing, inner assessment, and cooperation with authorities.
Compliance file stays beneath assessment
The newest dispute follows earlier stories and authorities questions on Binance’s sanctions techniques. In March, Binance formally denied allegations that it allowed transactions linked to Iran and mentioned media stories cited in a U.S. Senate inquiry contained false claims about its compliance program.
Binance mentioned on the time that it requires id checks for each person and bars folks positioned in Iran from utilizing the change. The corporate additionally mentioned it makes use of greater than 25 monitoring instruments to display screen customers and assessment transactions.
Previous settlement shapes the controversy
The difficulty stays delicate as a result of Binance pleaded responsible in 2023 to U.S. anti-money-laundering and sanctions violations. The Justice Division mentioned Binance agreed to pay greater than $4.3 billion and retain an impartial compliance monitor as a part of that decision.
U.S. officers mentioned the case included failures that allowed transactions between U.S. customers and customers in sanctioned jurisdictions, together with Iran, between 2018 and 2022. Binance has since mentioned it rebuilt components of its compliance system and improved its monitoring.
Binance factors to stronger controls
Binance has repeatedly pointed to latest metrics as proof of progress. Earlier stories mentioned the change claimed sanctions-related publicity fell 96.8% between January 2024 and July 2025, from 0.284% of whole change quantity to 0.009%.
The corporate additionally mentioned greater than 1,500 employees now help compliance, sanctions screening, investigations, and threat capabilities. Binance mentioned it processed greater than 71,000 law-enforcement requests in 2025 and helped authorities get better funds linked to illicit exercise.
