Binance Co-CEO Richard Teng stated on the X platform: “Recently, there have been some inaccurate reports regarding our compliance program. The Wall Street Journal published defamatory statements, and despite our efforts to clarify the facts, the journalist has not acknowledged any corrections we have made to the allegations. We have sent a letter requesting that they immediately correct and fully retract these inaccurate statements.” Binance previously stated in a clarification regarding its compliance program that recent reports concerning Binance's sanctions compliance relied on incomplete and erroneous descriptions that did not reflect the full facts and complete investigative records. Regarding its exposure to Iranian cryptocurrency exchanges, between January 2024 and January 2026, Binance reduced its direct exposure to the country's four major exchanges by over 97.3%, from $4.19 million to $110,000.