Altcoins News

Story: Alabama Court Tosses Major Binance Claims in Terror Lawsuit

By Bruce Buterin

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Binance dodged a bullet. A federal judge in Alabama threw out big chunks of a lawsuit targeting the crypto giant and former CEO Changpeng Zhao, but the legal mess isn't over yet.

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The case started in February 2024 when victims of the October 7 attacks sued Binance and Binance.US.

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The exchange's lawyers are celebrating what they're calling a "full and complete legal victory." But that's pretty much wishful thinking since the case can still move forward.

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Similar claims against Binance got dismissed in New York too. The Southern District court there said it didn't have jurisdiction over the case.

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Eleanor Hughes leads Binance's legal team and keeps insisting courts found the claims baseless. But Binance can't catch a break.

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Nobody from the plaintiffs' side wanted to comment.

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Hughes doubled down on March 12, 2026, talking up Binance's compliance efforts and how they work with global regulators.

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The Iran situation keeps getting messier for Binance. Senate inquiries are digging into those alleged billion-dollar transactions, and the Treasury Department is reportedly…

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Zhao keeps defending the company's record on compliance. He said again on March 13 that Binance cooperates with authorities worldwide and wants a transparent crypto market.

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The whole situation shows how crypto exchanges can't escape regulatory scrutiny anymore. Binance operates in dozens of countries and processes massive transaction volumes daily,…

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Legal experts think the Alabama case could set precedents for how courts handle terrorism-related claims against crypto platforms.

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The defamation suit against The Wall Street Journal adds another wrinkle. Binance claims the newspaper's reporting was misleading and hurt the company's reputation.

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Zhao's leadership during this crisis will be closely watched too. He stepped down as CEO but remains a major figure in the crypto world.

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The coming weeks will be crucial for determining Binance's legal fate. The April 10 deadline isn't just about one lawsuit - it's about whether the exchange can successfully…

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Binance processed $65 billion in trading volume just last month, making it clear the exchange isn't going anywhere despite the legal troubles.

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