Binance has filed a lawsuit against The Wall Street Journal over a February 23 article alleging $1.7 billion flowed to Iran-backed terror groups, claiming the false reporting triggered baseless government inquiries including a DOJ probe announced Tuesday.

The Lawsuit Claims

Binance filed the complaint on Wednesday to defend its reputation and prevent misinformation from driving unnecessary confusion across the ecosystem. 

Global Head of Litigation Dugan Bliss said the lawsuit is “a necessary step to defend ourselves against misinformation, hold The WSJ accountable for prioritizing clicks over journalistic integrity, and address the significant reputational harm and business consequences…

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