Binance Sues WSJ for Defamation Over ‘False’ Iran Sanctions Report

• The Wall Street Journal claims Binance helped Iran-linked groups dodge US sanctions.
• The lawsuit reportedly claims that at least 11 specific points in the WSJ piece are wrong.
• Binance says it doesn’t knowingly allow sanctioned users to use the platform.

Binance filed a defamation lawsuit against The Wall Street Journal on March 11 over a story claiming the exchange helped Iran-linked groups dodge US sanctions.

The whole thing traces back to a February 23 WSJ piece that made a few key claims. For instance, the article wrote how the DOJ (Department of Justice) is looking into whether Binance helped Iran-linked players evade US sanctions.

Additionally, the WSJ piece stated that more than $1 billion in transactions tied to Iran, with some proxy groups under the microscope, and that Binance reportedly shut down an internal probe into those suspicious flows.

Binanc…

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