Binance Co-founder and CEO: WSJ Published Defamatory Remarks, Has Sent Letter Demanding Immediate Correction and Retraction of False Statements

BlockBeats News, February 24th, Binance CEO Changpeng Zhao posted on social media saying, "Recently, there have been inaccuracies in reporting on Binance's compliance initiatives. The Wall Street Journal published defamatory statements, and despite our efforts to clarify the facts, the journalist did not respond to any of our rebuttals. Binance has sent the attached letter demanding an immediate correction and full retraction of these false statements."

In its response letter, Binance revealed that a recent Wall Street Journal article on its compliance framework was confusing and distorted, relying on false allegations from disgruntled former employees. This one-sided and flawed perspective demonstrates the reporter's lack of understanding of general compliance procedures for cryptocurrency exchanges. In the cases mentioned in the article, Binance has consistently followed industry-leading practices: taking proactive measures, coordinating with law enforcement, and reporting to other regulatory agencies.

Over the past two years, Binance has accomplished: expanded sanction screening and transaction monitoring controls; invested billions of dollars in compliance infrastructure; established one of the largest compliance teams in the digital asset industry; enhanced governance independence and board oversight.