The US Federal Court for the Southern District of New York dismissed all claims against Binance in a lawsuit accusing the cryptocurrency exchange of providing support related to terrorist activity.
The lawsuit was filed by 535 plaintiffs, who alleged that Binance provided material support in connection with 64 terrorist attacks, citing provisions of the Patriot Act (ATA).
In a 62-page decision, the court found that the plaintiffs failed to substantiate key allegations against the company. The court stated that the plaintiffs had failed to prove that Binance aided terrorists, associated itself with terrorist acts, participated in such attacks, or conspired with terrorist organizations.
"This dismissal is a complete refutation of all false allegations," Binance General Counsel Eleanor Hughes said in a statement. "The court unequivocally rejected the false and defamatory claim that Binance aided terrorists."
Hughes added that the company had maintained from the outset that the claims were without merit and stated that Binance would continue to defend itself against what it described as inaccurate statements about its activities.
While the court dismissed all claims, it gave the plaintiffs 60 days to file an amended complaint following the recent appeals court ruling. Binance stated that it remains confident that any amended filing will not address the deficiencies identified in the court's ruling.
The company stated that the ruling affirms 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 to work with regulators around the world, taking legal action if necessary to challenge claims it considers misleading.