US Edition
Binance, Zhao Win Dismissal of Lawsuit by Victims of 64 Attacks
The lawsuit cited 64 terrorist attacks linked to alleged Binance transactions but was dismissed due to lack of evidence tying the exchange or CEO to intentional support.
- In Manhattan on March 6, the court dismissed a lawsuit against Binance and Zhao over alleged terror‑related transactions, citing insufficient allegations.
- Plaintiffs alleged transfers of hundreds of millions of dollars to and from foreign terrorist organizations and billions involving Iranian users who benefitted proxies behind attacks from 2017 to 2024.
- The complaint ran 891 pages and 3,189 paragraphs, and the judge said it was 'wholly unnecessary' despite the 'weighty' allegations; Vargas noted Binance and Zhao’s ties were limited to arms’ length transactions.
- Vargas said the plaintiffs may amend their complaint, while Binance's reaction was that it was pleased with the dismissal and stressed compliance, with Zhao's lawyers and plaintiffs' lawyers having no immediate comment.
- Changpeng Zhao accused the plaintiffs of trying to 'piggyback' on Binance's November 2023 guilty plea and $4.32 billion criminal penalty to justify expanded damages.
17 Articles
17 Articles
Binance Cleared As Federal Judge Scraps Terror-Related Lawsuit - Tampa Free Press
A U.S. federal court in the Southern District of New York has thrown out a massive lawsuit that accused Binance, the world’s largest cryptocurrency exchange, of violating the Anti-Terrorism Act. The decision, handed down today, marks a significant legal turning point for the company as it fends off allegations that it helped facilitate global terrorism. […] Binance Cleared As Federal Judge Scraps Terror-Related Lawsuit
Channel News Asia
Cryptocurrency News | Cryptocurrency Prices | Market CapBinance, Zhao win dismissal of lawsuit by victims of 64 attacks
NEW YORK, March 6 : A federal judge on Friday dismissed a civil lawsuit seeking to hold Binance, the world's largest cryptocurrency exchange, and founder Changpeng Zhao liable for transactions that allegedly helped terrorist groups conduct 64 attacks around the world.U.S. District Judge Jeannette Vargas in Ma
Federal Judge Dismisses Terrorism Lawsuit Against Binance As CZ Defends CEX Security Framework
A U.S. federal court has dismissed a sweeping terrorism financing lawsuit against Binance and former CEO Changpeng Zhao, marking a significant legal victory for the world’s largest cryptocurrency exchange. The ruling validates Zhao’s long-standing position that centralized exchanges have “zero motive” to facilitate illicit activities, particularly terrorist financing. Judge Jeannette Vargas of the Southern District of New York ruled that victims…
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