Binance Claims ‘Full and Complete Legal Victory‘ in Alabama Court
A federal court in Alabama dismissed significant portions of a complaint alleging Binance facilitated terrorist financing, which Binance called a major legal victory.Summary
A federal court in Alabama, through Magistrate Judge Chad Bryan, granted a motion to dismiss significant parts of a February 2024 complaint against Binance, Binance.US, and former CEO Changpeng “CZ” Zhao. The complaint alleged the defendants violated the Anti-Terrorism Act by facilitating fund transfers to Hamas. While granting the partial dismissal, Judge Bryan ordered the plaintiffs to submit a second amended complaint by April 10, emphasizing the seriousness of the allegations requires a commensurate level of pleading. Binance subsequently declared the ruling a "full and complete legal victory." This follows a separate dismissal last week in a New York court based on lack of personal jurisdiction in a similar case. Binance's general counsel, Eleanor Hughes, stated that courts have now examined these claims twice and found them without merit.
(Source：Cointelegraph)