Crypto-exchange Binance has filed a defamation lawsuit against The Wall Street Journal over a February article that alleged the exchange dismantled an internal investigation into cryptocurrency transactions tied to Iranian networks.

In a complaint announced Wednesday, Binance said the Feb. 23 report falsely claimed the company halted a compliance probe after investigators flagged more than $1 billion in crypto flows linked to entities connected to Iran-backed militant groups.

According to the newspaper’s reporting, internal investigators at Binance traced transactions through intermediaries, including a Hong Kong trading firm that allegedly moved hundreds of millions of dollars in…

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