Binance denies allegations and reaffirms commitment to transparency

Binance responded to recent media allegations by calling them distorted and emphasized its commitment to transparency and regulatory compliance.

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CEO Richard Teng and Compliance Director Noah Perlman described the company’s control structure, investments worth hundreds of millions of dollars into compliance systems, and a team of over 1,500 specialists focused on combating financial crimes and sanction-related risks.

Binance stressed that compliance is not a formality but a fundamental principle guiding their operations and the protection of their users.

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