Connect with us

Hi, what are you looking for?

Tech

US Court Dismisses All Claims Against Binance in Major Anti-Terrorism Lawsuit Victory

Binance

A United States federal court in the Southern District of New York has comprehensively dismissed all claims against Binance the world’s largest cryptocurrency exchange by registered users, in a high-profile lawsuit under the Anti-Terrorism Act (ATA).

US Court Dismisses All Claims Against Binance in Major Anti-Terrorism Lawsuit Victory

Binance

The 62-page decision represents a decisive legal victory, rejecting allegations from 535 plaintiffs who claimed the platform provided material support linked to 64 terrorist attacks.

The court meticulously examined and dismissed every central allegation, ruling that plaintiffs failed to establish Binance assisted terrorists, associated itself with the attacks, participated in or sought to advance them, or engaged in any conspiracy with terrorist organisations.

Read Also: Binance Slashes Illicit Crypto Exposure by 96%, Aids ₦200bn+ Seizures in Global Crime Fight

This full dismissal underscores the absence of evidence supporting the claims, affirming Binance’s long-standing position that the suit was meritless.

Binance General Counsel Eleanor Hughes described the outcome as “a complete vindication of all false allegations.” She emphasised: “The court has unambiguously rejected the false and damaging narrative that Binance assisted terrorists.

“We have always maintained these claims were without merit, and today’s ruling confirms that. We will continue to defend ourselves aggressively against any litigation or reporting that misrepresents who we are and how we operate.”

While the ruling grants plaintiffs 60 days to file an amended complaint in light of a recent appellate decision, Binance expressed strong confidence that no revisions can remedy the “fundamental deficiencies” identified by the court. The exchange views this as a thorough examination and rejection of the underlying assertions.

Binance reaffirmed its commitment to industry-leading compliance infrastructure, proactive regulatory engagement, and robust legal governance worldwide.

Read Also: Crypto Crackdown: U.S. Confiscates Millions from Nigerian in Binance Scam

The company stressed that its operations do not support, facilitate, or enable terrorism in any form, and it plans to maintain constructive dialogue with regulators while pursuing vigorous defences against misleading narratives.

This development bolsters Binance’s position amid ongoing global scrutiny of crypto platforms, highlighting its operational integrity in a sector often targeted by unsubstantiated claims.

Loading

Spread the love
Frank
Written By

Franklin Ugo Ndibe is a seasoned Nigerian journalist and media professional renowned for his incisive reporting and editorial leadership in the information and communications technology (ICT) sector.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

NCC
ad

You May Also Like

World

Binance has revealed that hackers behind a $6.3 billion (£4.7 billion) theft used fake job interviews and a compromised internal artificial intelligence (AI) tool...

Cryptocurrency

Binance, the world’s largest cryptocurrency trading platform, has assured its users that it has set aside $6.34 billion to cover funds stolen by hackers...

Tech

Hackers stole $6.3 billion from Binance, the world’s biggest cryptocurrency exchange, in a record theft that analysts pinned on North Korea and said could...

Tech

South African telecommunications group MTN Group Ltd. says an anti-terrorism case against it in the United States will proceed to the discovery phase after...