Investing.com — A U.S. federal court in the Southern District of New York has dismissed all claims against Binance in a lawsuit accusing the cryptocurrency exchange of providing support linked to terrorist activities.
The case was brought by 535 plaintiffs who alleged that Binance had provided material support connected to 64 terrorist attacks, citing provisions under the Anti-Terrorism Act (ATA).
In a 62-page ruling, the court determined that the plaintiffs failed to substantiate key allegations against the company. The court said the plaintiffs did not demonstrate that Binance had assisted terrorists, associated itself with terrorist acts, participated in such attacks, or conspired with terrorist organizations.
“This dismissal is a complete vindication of all false allegations,” Binance General Counsel Eleanor Hughes said in a statement. “The court has unambiguously rejected the false and damaging narrative that Binance assisted terrorists.”
Hughes added that the company had maintained from the outset that the claims lacked merit and said Binance would continue to defend itself against what it described as inaccurate claims about its operations.
Although the court dismissed all claims, it allowed the plaintiffs 60 days to submit an amended complaint following a recent appellate ruling. Binance said it remains confident that any revised filing would not address the deficiencies highlighted in the court’s decision.
The company said the ruling reinforces its position that its platform does not support or facilitate terrorism and pointed to ongoing investments in compliance systems, regulatory engagement and legal oversight.
Binance added that it will continue working with regulators globally while taking legal action when necessary to challenge claims it considers misleading.