Binance Sues The Wall Street Journal Over Defamation Claim

Binance said it filed a defamation lawsuit against Dow Jones, publisher of The Wall Street Journal, in the U.S. District Court for the Southern District of New York on the same day the newspaper reported that the U.S. Justice Department is investigating whether Iranian networks used Binance to move funds in violation of U.S. sanctions. The Journal article, published Feb. 23 and citing people familiar with the matter, said DOJ officials had contacted individuals with knowledge of the transactions and were examining more than $1 billion in crypto transfers linked to the platform. In its complaint, Binance alleged the newspaper published false and defamatory statements about its compliance practices and its handling of Iranian-linked transactions.