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Binance Wins Dismissal of Terrorism Claims in US Court

Investing.com News •
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A U.S. federal court has dismissed all terrorism financing claims against Binance, rejecting allegations that the cryptocurrency exchange provided material support for 64 terrorist attacks. The Southern District of New York ruled that 535 plaintiffs failed to substantiate key allegations under the Anti-Terrorism Act, finding no evidence that Binance assisted terrorists or participated in attacks.

In a 62-page ruling, the court determined plaintiffs could not prove Binance associated itself with terrorist acts or conspired with terrorist organizations. Binance General Counsel Eleanor Hughes called the dismissal a "complete vindication" of false allegations, stating the company maintained from the outset that the claims lacked merit. The court gave plaintiffs 60 days to submit an amended complaint following a recent appellate ruling.

Binance emphasized the ruling reinforces its position that its platform does not support terrorism, highlighting ongoing investments in compliance systems and regulatory engagement. The company said it will continue defending against what it considers misleading claims while working with regulators globally. This legal victory comes as Binance faces other regulatory challenges worldwide, though the court's rejection of these specific terrorism allegations represents a significant legal win for the crypto exchange.