Binance sues WSJ for defamation over Iran sanctions report

Binance has announced it is taking legal action against The Wall Street Journal (WSJ), suing the publication for defamation over its reporting on alleged violations of Iran sanctions. On Feb. 23, the WSJ published a report claiming that Binance's internal investigators had identified over $1 billion in funds flowing to a terror financing network linked to Iran, but that company management subsequently fired the investigators and shut down the probe. Binance has maintained that the report maliciously distorted facts and that the company has no motive to support terror financing.