Binance disputes a new report by The Wall Street Journal that alleges roughly $850 million in Iran-linked transactions flowed through the crypto exchange. According to the reporting, the funds are linked to the Iranian Revolutionary Guard Corps (IRGC) and involve Iranian financier Babak Zanjani. Binance CEO Richard Teng denies the characterization, stating that the figures and linkage described in the report are mischaracterized. The dispute centers on how the transactions are interpreted and whether they reflect Iran- or IRGC-related activity as presented by the publication. Binance’s response does not concede the alleged total or the purported connection, and instead frames the WSJ account as inaccurate. The reporting and the company’s denial highlight ongoing scrutiny of cryptocurrency platforms’ exposure to sanctioned or state-linked financial activity. No final regulatory finding is described in the accounts provided, and the matter remains a disagreement between the outlet’s reporting and the exchange’s public rebuttal.