Binance warns WSJ of potential defamation lawsuit over report on alleged Iran sanctions violations
Summary
- Binance said it warned of legal action, citing the possibility of a defamation lawsuit over reports alleging violations of Iran sanctions.
- Richard Teng, Binance co-CEO, said he had formally objected, arguing the WSJ report contained false and misleading information that harms Binance’s reputation.
- Binance denied allegations of Iran sanctions violations and a cover-up of an internal investigation, and demanded corrections and deletion of the related articles, but whether it will file suit has not been disclosed.
Binance, the global virtual asset (cryptocurrency) exchange, warned of legal action, saying it could file a defamation lawsuit against The Wall Street Journal (WSJ) over its reporting on alleged Iran sanctions violations.
According to crypto-focused media outlet BeInCrypto on the 24th (local time), Richard Teng, Binance co-CEO, said he had "formally lodged an objection" to the report, claiming that "WSJ published false and misleading content that damages Binance’s reputation. It failed to maintain fairness and balance."
He flatly denied allegations of Iran sanctions violations and a cover-up of an internal investigation, adding that he had demanded corrections to and deletion of the related articles.
Whether Binance will actually proceed with litigation has not yet been disclosed.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
