Oh, the drama! Binance, the crypto giant with a heart of… well, crypto, is throwing down the gauntlet against The Wall Street Journal (WSJ)! Accusations of defamation? Check. Legal threats? Double check. It’s like a soap opera, but with more blockchain and fewer love triangles (unless you count Binance’s love-hate relationship with regulations).
CEO Richard Teng, the man with the plan (and apparently, the legal team), went public on February 24. “We’re not just crypto wizards,” he declared, “we’re also legal eagles!” The exchange has officially challenged the WSJ’s report and sent a letter so spicy, it could make a habanero blush.
Recently, there’s been more inaccuracy than a Mel Brooks script about our compliance program.
The WSJ published claims so defamatory, they’d make a schlemiel blush! Despite our efforts to set the record straighter than a Yiddish mama’s scolding, the journalist ignored our corrections. Nu, we sent the…
– Richard Teng (@_RichardTeng) February 24, 2026
Binance Says, “Feh! No Sanctions Violations Here!”
The letter, penned by the legal maestros at Withers Bergman LLP, accuses the WSJ of spreading more falsehoods than a used car salesman. Binance’s reputation? Damaged like a matzo ball dropped on the floor. Oy vey!
Binance claims the article twisted its compliance actions like a pretzel and ignored their responses faster than a New Yorker dodging a tourist in Times Square. Specifically, they deny violating Iranian sanctions or silencing internal investigations. Their lawyers say the report painted them as shadier than a shtetl at midnight.
The letter also accuses the WSJ of being as impartial as a mother-in-law at a family dinner.
Meanwhile, Binance published a blog defending its compliance program with more vigor than a bubbe defending her brisket recipe. They claim to have over 1,500 compliance folks and invest more in monitoring than a paranoid spy novel.
Sanctions exposure? Down faster than a plate of latkes at a bar mitzvah. Risky accounts? Investigated and shown the door quicker than a bad date.
And firing staff for raising concerns? Feh! Binance says those employees were dismissed for breaching confidentiality, not for being whistleblowers. “We’re not monsters,” they insist, “just sticklers for rules.”
WSJ Claims $1 Billion in Iran-Linked Crypto? Binance Says, “Nonsense!”
The whole kerfuffle started with a WSJ investigation claiming Binance processed over $1 billion in crypto linked to Iranian entities. Sanctioned organizations? Internal investigators dismissed? It’s like a bad spy movie, but with more zeros.
Binance’s response? “Poppycock and balderdash!” They’re demanding corrections faster than a hungry man demands seconds at a buffet.
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2026-02-24 21:55