Binance has denied a Wall Street Journal report alleging that it facilitated $850 million in transactions linked to Iran. The report claims that despite internal compliance alerts, certain accounts remained active, prompting investigations by the U.S. Justice Department. Binance, which previously pleaded guilty to violations, asserts it maintains a strong compliance program.

• 01The Wall Street Journal reported that Binance's internal compliance flagged a Zedcex account linked to Tehran in late 2024, yet the account remained open for over a year.
• 02Binance pleaded guilty in 2023 to anti-money laundering violations, paying a $4.3 billion fine and promising to improve its compliance systems.
• 03The Journal claims that Iran's central bank transferred $107 million in cryptocurrency to Binance accounts in 2025.
• 04Binance is reportedly under investigation by the U.S. Justice Department regarding the alleged use of its platform by Iran to evade sanctions.
• 05In response to the allegations, Binance filed a defamation lawsuit against the Wall Street Journal, seeking damages.

The allegations against Binance could further complicate its operations and relationships with regulators, potentially affecting its user base and market position.