A key development that has escalated the dispute is that Binance has filed a defamation case against the Wall Street Journal (WSJ). The lawsuit was filed after a WSJ article reported that the cryptocurrency company aided in avoiding Iranian sanctions by routing through Turkey.
Binance categorically denies this claim, adding that the reportage is misleading and defamatory to their reputation. This legal case will serve to demonstrate Binance’s new willingness to use aggressive litigation measures to protect its interests. Although cryptocurrencies have always been under close media scrutiny, this case represents the exchange’s unwillingness to be at the receiving end of negative and possibly baseless reports.
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