US Court Dismisses Major Claims in Binance Hamas-Linked Payments Case

A federal court in Alabama has dismissed key parts of a
lawsuit accusing Binance, its US affiliate Binance.US, and former CEO Changpeng
Zhao of facilitating transfers of cryptocurrency to terrorist groups.

Victims of the October 7 attacks had filed the complaint in
February 2024. The plaintiffs alleged that the companies and Zhao enabled
payments linked to Hamas through the exchange. They argued that the
defendants “violated, and may be continuing to violate, the Anti-Terrorism Act”
by allowing funds to move through the platform.

Alabama Court Partially Dismisses Binance Lawsuit

In an order, Chad Bryan granted a motion filed by Zhao to
dismiss significant portions of the complaint. However, the judge did not close
the case entirely. He ordered the plaintiffs to file a second amended complaint
by April 10 or risk “the prospect of a total or partial dismissal.”

Bryan noted that the claims carried serious implications and
required stronger legal arguments to proceed. “The underlying harm here is
serious,” he said, adding that the allegations and potential liability were
also “serious.” He wrote that the complaint must show a “commensurate level of
seriousness before the action will be permitted to proceed.”

Following the decision, Binance said the ruling represented
a “full and complete legal victory.”

🚨JUST IN: BINANCE SECURES SECOND U.S. FEDERAL COURT VICTORY WITH ANTI-TERRORISM CLAIMS DISMISSED@Binance Chief Legal Officer, @EleanorsHughes1, has announced a second consecutive U.S. federal court victory, with an Alabama court issuing a detailed 19-page ruling dismissing… pic.twitter.com/k2mV7kdiqI

— BSCN (@BSCNews) March 12, 2026

New York Court Dismisses Claims, Binance Faces Iran
Scrutiny

Last week, the US District Court for the Southern District
of New York dismissed claims against Binance for “lack of personal
jurisdiction.” Judge Jeannette Vargas noted, however, that similar allegations
had survived dismissal in another case in the district.

Binance general counsel Eleanor Hughes said that “sanctions
compliance and terrorism financing are serious matters of law,” and courts had
examined the claims twice and found them “without merit.” Judge Vargas added
that the case remains active and the court retains authority to ensure parties
comply with evidence preservation rules.

Separately, media reports allege Binance processed over $1
billion in transactions linked to Iran, prompting Senate inquiries. Binance
denies the claims and has filed a defamation suit against The
Wall Street Journal over its reporting on a Justice Department probe.

This article was written by Tareq Sikder at www.financemagnates.com.



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