Binance Co-CEO: The compliance allegations in The Wall Street Journal are false, demanding a full retraction

Binance's co-CEO Richard Teng posted on the X platform: "Recently, there have been some false reports regarding our compliance program. The Wall Street Journal published defamatory statements, and despite our efforts to clarify the facts, the journalist did not acknowledge any corrections we made regarding the relevant allegations. We have sent a letter requesting an immediate correction and complete retraction of these false statements."

In a previous clarification regarding the compliance program, Binance stated that recent reports about its sanctions compliance relied on incomplete and inaccurate descriptions that did not reflect the full facts and complete investigation records. Regarding the risk exposure to Iranian cryptocurrency exchanges, Binance has reduced its direct risk exposure to the country's four major exchanges by over 97.3%, from $4.19 million to $110,000.