The post Binance secures lawsuit dismissal as Senate probes $1.7B Iran-Russia crypto flows appeared on BitcoinEthereumNews.com.

A Manhattan federal judge has dismissed a lawsuit that tried to hold the world’s biggest cryptocurrency exchange, Binance, and its founder responsible for allegedly funding what they said were terrorist groups. U.S. District Judge Jeannette Vargas threw out the case on Friday, ruling that the 535 people who filed the suit, victims and family members of victims, failed to make a convincing legal argument. The plaintiffs had accused Binance and founder Changpeng Zhao of enabling opposition groups to carry out 64 attacks around the world. Judge Vargas said the plaintiffs didn’t show that Binance and Zhao had linked themselves to the attacks, taken part in them, or tried to make them happen. She noted that even if Binance and Zhao had some general knowledge that the exchange was being used to move money for resistance groups, their connection to those groups was only through accounts on the platform. The case centered on claims that hundreds of millions of dollars in cryptocurrency passed through Binance to and from foreign organizations, including Hamas, Hezbollah, and al Qaeda. Plaintiffs also alleged that billions of dollars in transactions involving Iranian users ended up benefiting groups that carried out attacks between 2017 and 2024. The judge was also critical of how the lawsuit was put together, calling the 891-page complaint “wholly unnecessary.” She said the plaintiffs could revise and refile it. Senate turns up the heat Even as the lawsuit was dismissed, Binance is facing pressure from Washington. As Cryptopolitan reported, Senator Richard Blumenthal of Connecticut, the top Democrat on the Senate Permanent Subcommittee on Investigations, wrote to Binance CEO Richard Teng with a list of sharp questions. Blumenthal pointed to reporting from the Wall Street Journal, the New York Times, and Fortune, which claimed that Binance compliance staff had uncovered two company partners, Hexa…

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Filed under: News - @ March 7, 2026 1:21 pm