PANews reported on February 24 that Binance Co-CEO Richard Teng posted on the X platform, stating: "Recently, there have been some false reports about our compliancePANews reported on February 24 that Binance Co-CEO Richard Teng posted on the X platform, stating: "Recently, there have been some false reports about our compliance
Binance's co-CEO stated that the Wall Street Journal published defamatory statements and that they have sent a letter requesting corrections.
PANews reported on February 24 that Binance Co-CEO Richard Teng posted on the X platform, stating: "Recently, there have been some false reports about our compliance program. The Wall Street Journal published defamatory statements, and despite our efforts to clarify the facts, the reporter has not acknowledged any corrections we have made regarding the allegations. We have sent a letter requesting that they immediately correct and completely retract these false statements."
Binance previously clarified in a compliance program statement that recent reports regarding Binance's compliance with sanctions relied on incomplete and inaccurate descriptions that did not reflect the full facts and complete investigation records. Regarding its exposure to Iranian cryptocurrency exchanges, Binance reduced its direct exposure to the country's four major exchanges by over 97.3% between January 2024 and January 2026, from $4.19 million to $110,000.
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