In a communication to the press dated the 7th of March, the esteemed Binance declared that a certain Federal Court, situated in the Southern District of New York, had, with commendable swiftness, dismissed all accusations levied against it under the Anti-Terrorism Act (ATA). One might imagine the plaintiffs, no fewer than 535 in number, had conjured such claims from the depths of a particularly vivid imagination, alleging that the world’s most prominent cryptocurrency exchange had, in some manner, materially supported no fewer than 64 acts of terrorism.
Eleanor Hughes, that paragon of legal acumen and Binance’s General Counsel, pronounced the dismissal a “complete vindication of all false allegations,” a statement delivered with the poise of a heroine in a novel of manners, triumphing over baseless gossip at a ball.
The court’s 62-page decree, penned by the esteemed Judge Jeannette Vargas, proved as unassailable as the walls of a well-run estate, dismissing the lawsuit against Binance and its former CEO, Changpeng Zhao, on the grounds that the plaintiffs had failed to substantiate even the most central of their wild assertions. It was, in essence, a rebuke as thorough as a housekeeper’s cleaning of a drawing room.
“The court has unambiguously rejected the false and damaging narrative that Binance assisted terrorists,” declared Hughes, her words as crisp as a well-folded letter. “We have always maintained these claims were without merit, and today’s ruling confirms that. We shall continue to defend ourselves with the vigor of a lady refusing to tolerate slander at a dinner party.”
The plaintiffs, now afforded a mere 60 days to amend their complaint, find themselves in a predicament akin to a gentleman attempting to salvage a torn waistcoat-unlikely to succeed, according to Binance, which asserts with the confidence of a matron at a tea party that no revised pleading will “cure the fundamental deficiencies” the court so plainly identified. The underlying claims, they insist, have been “thoroughly examined and rejected,” a verdict as final as the closing of a season’s dance card.
In a development both tangential and yet curiously reminiscent of a society scandal, 11 Democratic Senators, led by the ever-vigilant Richard Blumenthal, implored the DOJ and Treasury to scrutinize Binance for its alleged facilitation of $1.7 billion in transactions to Iran-linked entities. Binance, ever the paragon of propriety, “strongly rejected” these allegations, boasting of its 1,500 compliance specialists-a veritable army of moral guardians-to safeguard its operations.
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2026-03-07 20:24