Binance Co-CEO Richard Teng said an official statement from the crypto exchange challenged a report by The Wall Street Journal, describing it as containing fundamental factual inaccuracies. Teng said the trades referenced in the report occurred before the individuals involved were added to sanctions lists, which are official government restrictions on dealings with designated parties. He also said Binance had investigated the issue before the newspaper approached the company, indicating the exchange had already conducted an internal review of the matter.