Last night, the CEO of Binance, Richard Teng, took to social media to criticize the Wall Street Journal for publishing inaccurate information regarding the discovery of $1.7 billion in digital assets being transferred to Iran.
Richard Teng stated that the Wall Street Journal's article contained 'slanderous statements', including a letter from Binance's legal team 'demanding an immediate correction and a complete retraction of these false statements.'
Binance stated that it began the investigation in mid-2025. Since then, work has been carried out according to an established process: review, documented investigative steps, and ongoing risk assessment.
Binance has taken steps to mitigate identified risks throughout the investigation process, in line with internal control measures and problem-solving procedures.
As the investigation progresses, related accounts have been deleted and Binance has shared relevant information with legally competent stakeholders.
Therefore, Binance believes that they are making efforts to protect users, ready to cooperate with law enforcement agencies and promote the mission of providing core infrastructure services to organize the global cryptocurrency market.