U.S. Judge Throws Out Terror Financing Case Against Binance and CZ
The post U.S. Judge Throws Out Terror Financing Case Against Binance and CZ appeared on BitcoinEthereumNews.com.
U.S. judge dismisses lawsuit alleging Binance and CZ enabled terrorist financing. A lawsuit by 535 plaintiffs claimed Binance transactions helped fund terror groups. Judge says plaintiffs failed to link Binance or Zhao to attacks beyond arm’s-length accounts. Changpeng Zhao, the founder of cryptocurrency exchange Binance, publicly responded after a U.S. federal judge dismissed a lawsuit seeking to link the exchange to alleged terrorist financing. The case involved hundreds of plaintiffs who attempted to hold Binance and Zhao responsible for crypto transactions they claimed were connected to attacks carried out by several militant groups. The court ultimately rejected the claims, finding that the allegations failed to plausibly connect the defendants to the alleged acts. Following the ruling, Zhao addressed the decision in a post on X, stating that “false news is temporary” and that “truth always comes with time.” He added that centralized exchanges have no incentive to support terrorist activity, noting that such actors would not generate trading fees for exchanges and might only deposit and withdraw funds without engaging in trading activity. False news is temporary.Truth always comes with time. 💪 Adding some logic here. There are absolutely zero (0) motive for any CEX to have anything to do with terrorists. I imagine they don’t actively trade (no fee revenue). They may try to deposit and then immediately withdraw… https://t.co/dOe8WjsySw — CZ 🔶 BNB (@cz_binance) March 7, 2026 Legal Team Confirms Dismissal of Claims Attorney Teresa Goody Guillén also commented on the outcome, stating that the court dismissed all claims brought against Zhao, Binance, and Binance US. She said the judge found that the plaintiffs failed to establish any credible connection between the defendants and terrorist financing. According to Guillén, the ruling determined that the plaintiffs’ allegations did not sufficiently link Zhao or the exchange to financing any terrorist…
Filed under: News - @ March 7, 2026 1:27 pm