Binance filed a defamation lawsuit against Dow Jones, publisher of the Wall Street Journal, accusing it of falsely claiming the exchange fired staff who raised compliance concerns, reports Francisco Rodrigues of CoinDesk.
Rodrigues reports, “In the complaint filed in the U.S. District Court for the Southern District of New York, the company said the newspaper published ‘false and defamatory statements’ about its compliance practices and handling of Iran-linked transactions in an article published on Feb. 23.
“In that article, the Journal said Binance fired staff who flagged funds moving through the exchange to sanctioned entities, allegations Binance rejected. The lawsuit says Binance did not fire employees for raising compliance concerns. Staff departures stemmed from alleged breaches of internal data protection policies rather than retaliation, it said.
“‘Binance categorically did not dismantle any compliance investigation,’ a spokesperson for the exchange told CoinDesk. ‘The WSJ continues to report the same falsities. As a result, we have filed a lawsuit against the Wall Street Journal for defamation.'”
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