Alabama Court Grants Partial Dismissal in Binance Terror Case
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A federal court in Alabama has dismissed significant portions of a 2024 lawsuit against Binance, its US entity Binance.US, and former CEO Changpeng “CZ” Zhao, which alleged the exchange facilitated transfers to terrorist groups. US District Court Magistrate Judge Chad Bryan granted the motion but ordered plaintiffs to submit a second amended complaint by April 10 or risk further dismissal.
Judge Bryan noted the seriousness of the allegations, stating that “the underlying harm here is serious; the allegation that the defendants are implicated is serious; the potential liability the plaintiffs seek to impose is serious.” The ruling highlights the need for plaintiffs to demonstrate legal rigor and sufficient evidence before proceeding.