A US federal judge has dismissed a civil lawsuit against Binance and its founder, Changpeng Zhao, which accused the cryptocurrency exchange of facilitating the financing of 64 terrorist attacks globally. The court ruled that the plaintiffs failed to plausibly allege direct culpability by Binance or Zhao in the attacks. Despite the dismissal, the judge acknowledged that terrorist groups may have used the platform, but holding an account does not prove participation in or intent to support the attacks.
This legal victory for Binance comes amid ongoing scrutiny, as the company previously agreed to a $4.3 billion settlement with the US Department of Justice over compliance failures, including anti-money laundering violations. Despite the court's decision, Binance continues to face governmental oversight, with recent calls for investigations into $1.7 billion in transfers linked to Iran. Binance maintains its commitment to compliance, highlighting its rigorous procedures and cooperation with global law enforcement.
US Court Dismisses Terrorism Financing Claims Against Binance and CZ
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