Binance has publicly denied allegations of misrepresentation by the publication @beincrypto, demanding a full retraction and threatening legal action. The company asserts that its compliance program was inaccurately reported, citing internal metrics that indicate a 96.8% reduction in sanctions exposure, specifically noting a drop in direct exposure to four Iranian exchanges from $4.19 million to about $110,000. This move comes amid ongoing regulatory scrutiny, as global regulators stress the importance of robust sanctions compliance for major trading platforms, and reflects a broader trend where crypto exchanges increasingly challenge inaccurate media reports.
Binance denies sanctions allegations, threatens legal action against BeInCrypto
