Binance Denies WSJ Report Alleging $850M in Iran-Linked Crypto Transactions

Cointelegraph Staff

(02:03 PM UTC)

1 min read

Binance CEO Richard Teng has pushed back against a new Wall Street Journal investigation claiming the exchange processed $850 million in transactions tied to a sanctioned Iranian financier, which eventually flowed to Iran’s Islamic Revolutionary Guard Corps.

In a Friday post on X, Teng called the reporting “fundamentally inaccurate,” saying that Binance never permitted transactions with sanctioned…

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