Binance Denies WSJ Claims on Iran-Linked Transaction Flows

Binance (@binance) pushed back against a Wall Street Journal report alleging that an Iran-linked payments network routed about $850 million through the exchange over a two-year period. The WSJ said the network was connected to Babak Zanjani, an Iranian financier accused of helping sustain funding channels for military-linked activities. Binance CEO Richard Teng (@_RichardTeng) said the story contained factual errors, adding that the transactions cited took place before the individuals involved were placed under sanctions.