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Binance filed a defamation lawsuit towards Dow Jones — the writer of The Wall Road Journal — on the identical day the paper ran a narrative reporting that the U.S. Justice Division is investigating whether or not Iran used the world’s largest cryptocurrency trade to switch funds in violation of United States sanctions.
Binance Takes WSJ To Courtroom
Amid ongoing scrutiny over its regulatory standing, the crypto’s greatest trade has filed a defamation lawsuit towards The Wall Road Journal.
In its criticism filed within the U.S. District Courtroom for the Southern District of New York, Binance alleged that the newspaper’s Feb. 23 article contained “false and defamatory statements” concerning the firm’s compliance practices and the way it dealt with transactions linked to Iran-backed teams, together with Yemen’s Houthi militants.
The Journal reported that Binance had fired workers who flagged transactions involving sanctioned entities, an allegation the trade denies. In keeping with the lawsuit, Binance didn’t terminate workers for elevating compliance considerations; somewhat, the departures had been tied to alleged violations of the corporate’s inner information safety insurance policies.
“Binance categorically didn’t dismantle any compliance investigation,” a consultant for the trade stated in a press release. “The WSJ continues to report the identical falsities. Consequently, we now have filed a lawsuit towards the Wall Road Journal for defamation.”
 
The consultant added that Binance’s inner investigation is ongoing and has uncovered complicated monetary exercise spanning Asia, the Center East, and different areas.
“The reality is that Binance’s investigation continued and uncovered a complicated, multi-jurisdictional sample of monetary exercise spanning Asia, the Center East, and past. Binance mapped this complicated exercise, offboarded the related person accounts, and reported to legislation enforcement,” the consultant stated.
Binance Seeks Damages And Authorized Charges
Binance stated it was not conscious of any Justice Division investigation and stated it continued to cooperate with regulators and legislation enforcement. “As at all times, we’re collaborating with regulators and legislation enforcement to analyze the info,” the trade stated.
Binance has requested a jury trial as a part of its lawsuit, looking for compensatory damages and protection of authorized charges, although the precise quantity has not been disclosed.
The lawsuit and ongoing investigation thrust Binance again into the authorized highlight.
Again in 2023, Binance pleaded responsible to violating U.S. anti-money laundering and sanctions legal guidelines, agreeing to pay $4.3 billion in penalties. Founder and former CEO Changpeng “CZ” Zhao additionally pleaded responsible to a associated cost, served a four-month jail sentence, and was in the end pardoned by US President Donald Trump in October 2025.
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