Regulation & Policy
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ainst cryptocurrency exchange Binance under the Anti-Terrorism Act, marking a significant legal development for the company.
The case, heard in the U.S. District Court for the Southern District of New York, involved 535 plaintiffs who alleged that Binance had provided material support connected to dozens of terrorist attacks. In a 62-page ruling, the court concluded that the plaintiffs failed to substantiate their central allegations.
According to the decision, the plaintiffs did not demonstrate that Binance assisted terrorist groups, associated itself with terrorist attacks, participated in those attacks, or engaged in any form of conspiracy with terrorist organizations.
In its analysis, the court determined that the complaint did not sufficiently establish the legal standards required under the Anti-Terrorism Act. As a result, the case was dismissed in full.
Eleanor Hughes, general counsel at Binance, said the ruling confirms the company’s long-standing position that the accusations lacked merit.
“The court has rejected the allegations that Binance assisted terrorist activity,” Hughes said in a statement, adding that the company will continue to defend itself against claims it believes misrepresent its operations.
Although the court dismissed the claims, it granted the plaintiffs 60 days to file an amended complaint. The option follows a recent appellate court decision that could potentially affect how similar cases are evaluated.
Binance said it believes the deficiencies identified in the ruling cannot be corrected through a revised filing, arguing that the allegations have already been thoroughly examined by the court.
The legal challenge has unfolded against the backdrop of increasing scrutiny of cryptocurrency platforms from regulators and policymakers worldwide. Exchanges have faced growing pressure to strengthen compliance systems aimed at preventing illicit financial activity.
Binance said it has invested heavily in compliance infrastructure and regulatory engagement in recent years, as the industry faces tighter oversight across multiple jurisdictions.
The company stated it will continue cooperating with regulators and maintaining legal frameworks designed to prevent misuse of its platform.
Binance remains one of the largest players in the global digital asset market. The exchange reports serving hundreds of millions of users across more than 100 countries and offers a broad range of cryptocurrency trading and blockchain-related services.
The court’s ruling represents an important legal moment for the company as the broader crypto sector continues to navigate evolving regulatory and legal challenges worldwide.
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