CZ refutes report that Binance fired investigators over Iran trades

Binance founder Changpeng Zhao (CZ) has refuted a report claiming that internal investigators at the exchange were fired after discovering transactions linked to Iran, calling the story "self-contradictory." While stating he was not familiar with the specific details of the matter, CZ argued that the report's narrative is illogical. He suggested that if the allegations were true, it could also be interpreted that the investigators were responsible for failing to block the suspicious activity in the first place. He emphasized that Binance monitors all transactions using the same anti-money laundering (AML) tools employed by law enforcement agencies. CZ added that a disgruntled individual or an anonymous source paid to create FUD (fear, uncertainty, and doubt) could create a negative narrative about any issue.