A United States Federal Court rejected claims that Binance assisted, participated in, or conspired with terrorists.
Binance is a global blockchain system behind the world’s largest cryptocurrency exchange by trading volume and registered users.
It has more than 310 million people in over 100 countries.
The lawsuit brought against the company, involved 535 plaintiffs, who alleged that Binance provided material support related to 64 terrorist attacks.
The Court found that plaintiffs failed to establish any of their central allegations- that Binance assisted terrorists, and that the company associated itself with terrorist attacks, participated in or sought to advance those attacks.
Eleanor Hughes, Binance’s General Counsel, said “this dismissal is a complete vindication of all false allegations. The court has unambiguously rejected the false and damaging narrative that Binance assisted terrorists. We have always maintained that 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.”
The Court has allowed plaintiffs 60 days to file an amended complaint in light of a recent appellate decision.