US court dismisses civil suit against Binance for aiding terrorism

A U.S. court in New York has dismissed a civil lawsuit against Binance and its founder, Changpeng Zhao, that accused them of aiding terrorism, Reuters reported on March 6. The suit was filed by 535 victims and family members from 64 terrorist attacks around the world. The plaintiffs had argued that Binance and Zhao facilitated cryptocurrency transactions for terrorist organizations, thereby making it easier for them to carry out attacks. The court ruled that the plaintiffs failed to plausibly demonstrate that Binance and Zhao were directly involved in the attacks or intended to support them. It also noted that the claim that the defendants took any action to help or ensure the success of the attacks was unsubstantiated. In response, Zhao stated that no centralized exchange has any motive to be associated with terrorists and would not actively trade with them. He added that as a resident of Dubai, he has personally witnessed missile interceptions.