Binance disputes WSJ report on Iran transactions

Binance CEO Richard Teng has refuted a Wall Street Journal report alleging that Iranian financier Babak Zanjani moved $850 million through the cryptocurrency exchange. Teng stated the WSJ's characterization of the transactions was inaccurate and misleading. The report claimed Zanjani, who has been sanctioned, utilized Binance to move funds, raising concerns about the exchange's compliance with international sanctions. Binance has consistently maintained its commitment to adhering to regulatory frameworks and combating illicit activities on its platform, emphasizing its efforts to cooperate with authorities.