Binance Denies Allegations of Illicit Transfers to Iran, Legal Battle Against WSJ Publisher Underway

Binance, the world's largest cryptocurrency exchange, issued a statement on November 11th categorically denying a series of media reports about alleged violations of sanctions related to Iran. The reports had claimed that 'Binance transferred $1.7 billion to sanctioned entities in Iran,' 'an investigator was dismissed,' and 'investigators were denied access to the "Blessed Trust" account.' However, the company has declared all these allegations to be false. According to Binance's investigation, the funds in question...