Binance, the world’s largest cryptocurrency exchange by registered users, has secured a major legal victory after a U.S. federal court in the Southern District of New York.
The court dismissed all claims alleging the company provided material support to terrorists.
The lawsuit, filed by 535 plaintiffs citing 64 separate terrorist attacks, accused Binance of assisting, participating in, or conspiring with terrorist organizations under the Anti-Terrorism Act (ATA).
In a detailed 62-page ruling, the Court found that plaintiffs failed to substantiate any of their central claims. The court determined that Binance neither assisted terrorists, associated itself with attacks, participated in or sought to advance them, nor conspired with terrorist groups.
“This dismissal is a complete vindication of all false allegations,” said Eleanor Hughes, Binance’s General Counsel.
“The court has unambiguously rejected the false and damaging narrative that Binance assisted terrorists. We have always maintained that these claims were without merit, and today’s ruling confirms that. We will continue to defend ourselves aggressively against any litigation or reporting that misrepresents who we are and how we operate.”
The court’s dismissal of all claims represents a comprehensive legal victory for Binance. Plaintiffs have been granted 60 days to submit an amended complaint following a recent appellate decision, but Binance remains confident that any revised filing will fail to address the fundamental deficiencies identified by the court.
Binance has long prioritized regulatory compliance, robust legal governance, and engagement with authorities worldwide. The ruling underscores that the company’s operations do not support, facilitate, or enable terrorism in any form.