Binance filed a defamation lawsuit against The Wall Street Journal over an article published earlier this year.
The lawsuit addresses allegations regarding the internal oversight of the organization, targeting a report published on February 23 which alleges that the company fired employees who marked $1 billion in crypto transactions on the exchange linked to sanctioned Iranian entities. Binance claimed the publication contained defamatory statements regarding its business practices and that the reporting caused government officials to launch baseless inquiries into the platform.
In its press release about the suit, the cryptocurrency exchange said that it reported a 96.8% reduction in sanctions-related exposure as a share of total exchange volume from January 2024 to July 2025.
“We view this lawsuit as a necessary step to defend ourselves against misinformation, hold The Wall Street Journal accountable for prioritizing clicks over journalistic integrity,” Binance’s Global Head of Litigation Dugan Bliss stated.
In the same complaint, Binance said that it employs more than 1,500 individuals in compliance roles worldwide, representing nearly 25% of its total global workforce.
The exchange said that it processed more than 71,000 law enforcement requests globally during 2025, assisting in freezing and recovering hundreds of millions of dollars linked to financial crimes throughout the year.
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