{"id":10541,"date":"2026-03-11T19:13:07","date_gmt":"2026-03-11T19:13:07","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/binance-strikes-back-why-it-is-taking-the-wall-street-journal-to-court\/"},"modified":"2026-03-11T19:13:07","modified_gmt":"2026-03-11T19:13:07","slug":"binance-strikes-back-why-it-is-taking-the-wall-street-journal-to-court","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/binance-strikes-back-why-it-is-taking-the-wall-street-journal-to-court\/","title":{"rendered":"Binance Strikes Back: Why It Is Taking The Wall Street Journal To Court"},"content":{"rendered":"

Binance has filed a defamation lawsuit against The Wall Street Journal (WSJ) over a \u201cfalse and defamatory\u201d article.<\/p>\n

Why Binance Filed<\/h2>\n

Following a WSJ reporting published on February 23<\/a>, Binance has announced on a blog post today<\/a> that they have filed a lawsuit against them, claiming that the article contained \u201cfalse and defamatory statements\u201d. The complaint seeks \u201cvindication\u201d of Binance\u2019s reputation and \u201caccountability for the harm those statements have caused\u201d, citing amongst these consequences \u201cbaseless and unnecessary inquiries into the company\u201d by government officials, referring to Senator Richard Blumenthal (D-CT).<\/a><\/p>\n

Dugan Bliss, Binance\u2019s Global Head of Litigation, assured in the blog post that Binance takes \u201cimmense pride\u201d in their compliance program, reflected by the trust that more than 300 million users worldwide continue to place in the company. As stated by Bliss:<\/p>\n

\n

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, and address the significant reputational harm and business consequences that have resulted.<\/p>\n<\/blockquote>\n

Binance\u2019s lawyers (Withers Bergman \/ Withersworldwide) sent a formal letter demanding immediate corrections, a full retraction, and removal of the WSJ piece. This clash follows Binance\u2019s 2023 4.3 billion dollar U.S. settlement and guilty plea over anti\u2011money\u2011laundering and sanctions violations, still shaping the exchange\u2019s monitorship today, which WSJ reportedly used as context to suggest ongoing compliance weaknesses.<\/p>\n

\n

\"\ud83d\udea8\"NEW: Just as the @WSJ<\/a> reports the DOJ has begun investigating Iran\u2019s use of @binance<\/a> to evade sanctions, Binance has filed a defamation lawsuit against the publication in the Southern District of New York.<\/p>\n

Binance is seeking damages and legal fees and is demanding a jury\u2026 pic.twitter.com\/XxjE8oxH1I<\/a><\/p>\n

\u2014 Eleanor Terrett (@EleanorTerrett) March 11, 2026<\/a><\/p>\n<\/blockquote>\n

Inside The WSJ \u201cDefamatory\u201d Article<\/h2>\n

The 23th February WSJ article accused of being \u201cseriously misleading\u201d by Binance reported that Binance investigators identified around $1 billion in crypto moving through the exchange to a network tied to Iranian entities and groups under U.S. sanctions. WSJ claimed that internal investigators uncovered large transfers from Binance clients to Iran\u2011linked groups (including Houthi\u2011aligned entities) in 2024\u20132025 and that some staff who pushed the issue were sidelined or removed, as covered by an article on our sister\u2019s website Bitcoinist.<\/a><\/p>\n

\u201cMeasurable Results\u201d<\/p>\n

Binance argues that WSJ ignored extensive rebuttals and cherry\u2011picked ex\u2011employee claims, pointing to \u201cmeasurable improvement over time\u201d based on internal data, such as a 97%+ reduction in exposure to sanctioned entities and expanded sanctions screening after the 2023 settlement or their support on the freezing and recovery of hundreds of million of dollars linked to illicit activity in 2025. They clarified that while the way public blockchains work means the risk cannot be reduced to zero, they are responsible in monitoring possible illegal activity:<\/p>\n

\n

As we have noted before, public blockchains allow any party to send assets to an exchange deposit address without the exchange\u2019s prior approval. That reality means risk cannot be reduced to absolute zero on any blockchain platform. Responsible operators focus on detection, investigation, mitigation, offboarding, and reporting, backed by ongoing monitoring and continuous improvement.<\/p>\n<\/blockquote>\n

What This Case Means For Crypto<\/h2>\n

Reputational and legal risk could still shape Binance\u2019s access to banking partners and certain jurisdictions, which in turn can affect liquidity, listing confidence, and perceived counterparty risk. The case may also influence how aggressively big media outlets cover crypto compliance going forward: if Binance wins or forces corrections, other projects might be quicker to push back on critical narratives, but if WSJ prevails, expect even sharper investigative focus on exchanges\u2019 sanctions controls.<\/p>\n

Following Binance\u2019s today\u2019s blog post announcing the lawsuit, WSJ took down another report published today claiming the Department of Justice is investigating Iran’s use of Binance to evade sanctions.<\/p>\n

\n

\"\ud83c\uddfa\ud83c\uddf8\" Department of Justice is investigating Iran’s use of Binance to evade sanctions. pic.twitter.com\/zc03U1J5rs<\/a><\/p>\n

\u2014 Ted (@TedPillows) March 11, 2026<\/a><\/p>\n<\/blockquote>\n

\"Bitcoin,<\/p>\n

Cover image from Perplexity, BTCUSD chart from Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance has filed a defamation lawsuit against The Wall Street Journal (WSJ) over a \u201cfalse and defamatory\u201d article. Why Binance Filed Following a WSJ reporting published on February 23, Binance has announced on a blog post today that they have filed a lawsuit against them, claiming that the article contained \u201cfalse and defamatory statements\u201d. The…<\/p>\n","protected":false},"author":1,"featured_media":10542,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1732],"tags":[526,4936],"class_list":["post-10541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance","tag-binance-lawsuit"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/10541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=10541"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/10541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/10542"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=10541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=10541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=10541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}