Binance has achieved a significant legal win after a United States federal court dismissed all claims filed against the cryptocurrency exchange under the Anti Terrorism Act.
In a press release published on March 7, the company revealed that the US Federal Court in the Southern District of New York threw out the lawsuit that accused Binance of supporting terrorism.
Eleanor Hughes, Binance’s General Counsel and spokesperson on the matter, described the ruling as a complete rejection of the accusations made against the exchange.
The lawsuit had been filed by 535 plaintiffs who claimed that the world’s largest cryptocurrency exchange provided material support connected to 64 terrorist attacks, relying on provisions contained in the Anti Terrorism Act.
However, the court issued a 62 page decision in which Judge Jeannette Vargas dismissed the civil case against Binance and its former chief executive Changpeng Zhao. The ruling concluded that the plaintiffs failed to prove their main allegations.
Hughes said the court clearly rejected what she described as a false and harmful narrative that Binance helped terrorists. She added that the company has consistently maintained that the accusations lacked merit and that the ruling confirms that position. She also noted that Binance will continue to defend itself strongly against lawsuits or reports that misrepresent the company and its operations.
The plaintiffs have been given 60 days to submit an amended complaint following the recent appellate decision. Despite this opportunity, Binance expressed confidence that any revised filing will not address the key weaknesses identified by the court, noting that the underlying claims have already been thoroughly reviewed and rejected.
In a separate but somewhat related development, eleven Democratic senators in the United States led by Richard Blumenthal recently asked the Department of Justice and the Treasury Department to investigate Binance over allegations that the platform facilitated about 1.7 billion dollars in transactions involving entities linked to Iran.
Binance has strongly denied those allegations, stating that it operates a robust compliance program supported by more than 1,500 specialists across the world. The company says this team works continuously to strengthen monitoring and ensure adherence to regulatory standards.#cryptonews https://t.me/coinsignalpublic https://coinsignals.net
