The David Lin Report EXCLUSIVE: Binance Execs Hit Back At Billion Dollar Iran Terror Funding Allegations
Feb 27, 2026
Richard Teng, Co‑CEO with decades in financial regulation; Noah Perlman, former federal prosecutor now leading compliance; Astra Cai, sanctions specialist overseeing investigations. They respond to high‑profile media claims. Conversations cover internal timelines, investigative workflows, KYC and sanctions controls, multi‑hop blockchain flows, law‑enforcement cooperation, AI and compliance upgrades.
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Binance Emphasizes Large-Scale Compliance Overhaul
- Binance asserts its compliance overhaul was substantial, expanding to ~1,500 compliance staff and investing millions yearly to meet global standards.
- Richard Teng stressed investigations continued after departures, users were offboarded and law enforcement notified, disputing media claims of cover-up.
Investigators Left But Probe Continued To Completion
- Richard Teng recounted investigators left disgruntled but investigations continued to completion after their departures.
- He said the company offboarded relevant entities and cooperated with law enforcement following the completed probes.
Preliminary Findings Don't Equal Final Conclusions
- Noah Perlman explained preliminary internal reports were not final conclusions and VPN usage alone doesn't prove Iranian residency.
- He said investigators' hypotheses are vetted and unfinished drafts leaked may have led to inaccurate media narratives.