Svmuu News: U.S. District Judge Jeannette Vargas in Manhattan has dismissed a civil lawsuit that sought to hold Binance and its founder, CZ, liable, alleging that their trading activities aided terrorist organizations in carrying out global attacks.The judge ruled that the 535 plaintiffs—including victims and their families—failed to reasonably demonstrate that the defendants “intended to collude with, participate in, or ensure the success of terrorist attacks through their actions.”The plaintiffs alleged that the attacks occurred between 2017 and 2024 and were carried out by external terrorist organizations such as Hamas, Hezbollah, the Iranian Revolutionary Guard Corps, ISIS,Kataib Hezbollah, the Palestinian Islamic Jihad, and al-Qaeda, among other foreign terrorist organizations, and sought to attribute hundreds of millions of dollars in cryptocurrency and transactions with Iranian users to Binance and CZ. The judge noted that while Binance, and CZ may have been aware of the exchange’s potential role in terrorist financing, their relationship with terrorist organizations was limited to “the fact that they or their affiliates held accounts on Binance and conducted transactions in a fair and legitimate manner.”The judge also criticized the plaintiffs’ 891-page, 3,189-paragraph complaint as “entirely unnecessary,” but allowed them to amend it. A Binance spokesperson stated: “The court correctly dismissed these baseless allegations. Binance strictly adheres to compliance requirements and has zero tolerance for illegal activities on the platform.” CZ also noted that the plaintiffs were attempting to leverage Binance’s November 2023 admission of violating anti-money laundering and sanctions laws—for which it paid a $4.32 billion fine—to seek treble damages. (Reuters)