Federal Judge Tosses Terror Financing Case Against Binance and CZ Following Court Victory
The post Federal Judge Tosses Terror Financing Case Against Binance and CZ Following Court Victory appeared on BitcoinEthereumNews.com.
TLDR Manhattan federal court threw out terrorism financing claims filed by 535 victims against Binance, CZ, and Binance.US Judge ruled plaintiffs didn’t establish direct connection between exchange operations and individual terror attacks Court found Binance likely had “general awareness” of illicit financing activity on its platform Plaintiffs given 60-day window to submit revised complaint with stronger evidence Binance labeled the decision “a complete vindication,” though two separate lawsuits continue A Manhattan-based federal judge threw out all allegations in a significant Anti-Terrorism Act case against Binance this past Friday. The legal action involved 535 individuals who were either victims or family members of those affected by 64 separate terrorist incidents. The defendants in the case included Binance, its co-founder Changpeng “CZ” Zhao, and BAM Trading Services, which operates Binance.US. Those filing suit claimed the cryptocurrency platform enabled terrorist organizations to transfer money using digital assets. 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 The terrorist incidents cited occurred from 2016 through 2024. Organizations mentioned in the legal filing included Hamas, Hezbollah, ISIS, al-Qaeda, and Palestinian Islamic Jihad. Judge Jeannette A. Vargas from the US District Court for the Southern District of New York delivered the decision. Her written judgment spanned 62 pages. The ruling acknowledged that Binance appeared “generally aware” that its platform facilitated terrorist financing. Evidence included Binance’s track record of anti-money laundering compliance failures, its provision of services to Iranian users under sanctions, and internal company messages demonstrating executives understood terrorists were using the platform. Yet general awareness proved insufficient. The court determined…
Filed under: News - @ March 8, 2026 9:24 am