Binance CEO Richard Teng responded to WSJ's report, stating that Binance has not allowed sanctioned individuals to trade

Binance CEO Richard Teng posted on the X platform in response to related reports from The Wall Street Journal, stating that there are "fundamental errors" regarding facts and Binance's compliance framework commitments in the report. Richard Teng indicated that the transactions mentioned by The Wall Street Journal occurred before the individuals involved were sanctioned, and Binance did not allow any sanctioned individuals to trade on the platform.

He also stated that Binance had proactively investigated the relevant issues before being contacted by The Wall Street Journal and had provided the other party with relevant facts, but this information was not published. Additionally, Richard Teng emphasized that Binance has a "zero tolerance" policy for illegal activities and has established an industry-leading compliance system, and will continue to cooperate with U.S. and global law enforcement agencies to combat financial crime.

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