Binance has filed a lawsuit against The Wall Street Journal over a February 23 article alleging $1.7 billion flowed to Iran-backed terror groups, claiming the false reporting triggered baseless government inquiries including a DOJ probe announced Tuesday.
The Lawsuit Claims
Binance filed the complaint on Wednesday to defend its reputation and prevent misinformation from driving unnecessary confusion across the ecosystem.
Global Head of Litigation Dugan Bliss said the lawsuit is “a necessary step to defend ourselves against misinformation, hold The WSJ accountable for prioritizing clicks over journalistic integrity, and address the significant reputational harm and business consequences that have resulted.”
The timing is notable.
The Wall Street Journal published a story Wednesday reporting the Justice Department is investigating Iran’s use of Binance to evade sanctions.
Binance claims this investigation stems from the false February 23 article.
Binance employs more than 1,500 individuals, nearly a quarter of its global workforce, supporting compliance, investigative, and risk functions.
This includes specialists trained …