A U.S. Federal Court dismissed a civil lawsuit alleging Binance violated anti-terrorism laws. The court found plaintiffs failed to substantiate claims that the exchange materially supported 64 terrorist attacks. In a separate letter, U.S. senators urged an investigation into Binance for allegedly facilitating billions in transactions linked to Iran.
A U.S. Federal Court has dismissed all claims against Binance under the Anti-Terrorism Act. The 62-page ruling from Judge Jeannette Vargas found plaintiffs could not establish their central allegations.
The lawsuit was brought by 535 plaintiffs who alleged the exchange provided support connected to terrorist attacks. The court dismissed the case against both Binance and its former CEO, Changpeng Zhao.
“The court has unambiguously rejected the false and damaging narrative that Binance assisted terrorists,” said General Counsel Eleanor Hughes. She called the dismissal a complete vindication against the allegations.
The plaintiffs have 60 days to file an amended complaint following a recent appellate decision. Binance stated it is confident no amended pleading will cure the fundamental deficiencies the court identified.
In a separate development, 11 U.S. Democratic Senators urged the Department of Justice and Treasury to investigate Binance. They alleged the exchange facilitated around $1.7 billion in transactions to Iran-linked entities.
Binance strongly rejected these new allegations in its press release. The company stated it employs over 1,500 specialists worldwide to strengthen its compliance programs.
