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Binance CEO Richard Teng has publicly challenged a report published by The Wall Street Journal that claimed $1.7 billion in cryptocurrency transactions were connected to sanctioned Iranian entities. The exchange asserted that the article contained inaccuracies and misrepresented its compliance practices. In a statement dated February 23, 2026, Binance disclosed that it had sent a formal letter to the publication demanding corrections and a complete retraction. According to th

The international financial sector has been shaken once again by revelations tied to the $4.3 billion settlement that was originally intended to transform how Binance manages high-risk financial activity.   New reporting published in February 2026 indicates that more than $1 billion in funds associated with Iranian actors allegedly flowed through the world’s largest cryptocurrency exchange between early 2024 and late 2025. The situation underscores a growing conflict between