Binance denied allegations of Iran-related sanctions breaches and internal staff dismissals, with CEO Richard Teng addressing the claims in a recent post on X. Teng rejected the report’s assertions, stating that the exchange maintains robust compliance standards and does not tolerate misconduct.
The record must be clear.
No sanctions violations were found, no investigators were fired for raising concerns, and Binance continues to meet its regulatory commitments.
We’ve asked for corrections to recent reporting. pic.twitter.com/glA9bdGaw1
— Richard Teng (@_RichardTeng) February 16, 2026
The allegations suggested that Binance had compliance failures tied to Iran and had fired employees in connection with the matter. Teng countered that characterization, emphasizing the company’s ongoing commitment to regulatory cooperation and strict adherence to sanctions requirements. The clarification is significant for users and counterparties who rely on Binance’s compliance framework, particularly amid heightened global scrutiny of crypto exchanges. By publicly responding, Binance sought to reassure the market and contain potential reputational impact.
At this stage, Binance has not indicated further action beyond disputing the report. Market participants will likely monitor whether additional statements, documentation, or regulatory commentary emerge in the coming days. The episode underscores how quickly compliance narratives can influence sentiment in the digital asset sector and the importance of direct responses from senior leadership.
Source: Richard Teng statement on X.
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