U.S. Court Dismisses Civil Lawsuit Accusing Binance of Aiding 64 Terror Attacks

A U.S. court dismissed a civil lawsuit in which 535 plaintiffs alleged Binance and its former CEO were liable for 64 terror attacks, despite prior findings by U.S. authorities of serious anti-money-laundering and sanctions compliance failures at the exchange. Plaintiffs argued the platform should be held financially responsible for specific attacks because the Justice Department had said Binance's violations threatened the U.S. financial system and national security. The court ruled the 891-page complaint did not provide sufficiently strong, recent and concrete evidence that Binance knowingly and substantially assisted the particular incidents that injured the plaintiffs, though it acknowledged the exchange may have had weak compliance that allowed bad actors to exploit the platform.