Overview
- Judge Jeannette A. Vargas of the Southern District of New York granted Binance’s motion to dismiss on March 6 in the Troell et al. v. Binance case.
- The lawsuit was brought by 535 plaintiffs linked to 64 attacks from 2016 to 2024 who accused Binance of aiding terrorist groups through its platform.
- The court found the complaint did not plausibly show that Binance knowingly provided substantial assistance to the attacks at issue.
- Plaintiffs were given 60 days to file an amended complaint addressing the deficiencies identified in the ruling.
- Defendants included Binance, founder Changpeng Zhao, and BAM Trading Services, and the exchange remains under separate compliance scrutiny tied to a $4.3 billion plea deal and a court-appointed monitor.