In a courtroom showdown worthy of a Hollywood blockbuster, Binance fought to shake off a lawsuit over its alleged ties to Hamas 🕊️.
Imagine this: In the hallowed halls of justice, Binance’s legal eagles spread their wings to argue why they shouldn’t be held responsible for the crypto shenanigans that facilitated some seriously questionable activities 💸.
Binance: The Accidental Villain?
On a chilly day in January, Binance’s defense team took the stage, ready to debunk the notion that the exchange had any sort of cozy relationship with Hamas 🌪️. Their argument? “Hey, we’re just a platform, not a terrorist financier!”
“There was no special relationship between Hamas and Binance,” they chirped, as if it were as simple as saying “I don’t know him!” when your neighbor’s cat steals your milk 🐱.
But the plot thickens! The lawsuit from 2024 accused Binance of turning a blind eye to the dirty money flowing through its veins, enabling Hamas to use the exchange as their personal piggy bank 🐷.
As if that weren’t enough drama, Binance’s former CEO, CZ, found himself in the hot seat, facing accusations of failing to prevent money laundering and dodging Suspicious Activity Reports (SARs) like a pro 🏃♂️.
During the hearing, Binance’s legal team tried to convince the judge that crypto isn’t inherently evil (just misunderstood, perhaps?). They even went so far as to downplay CZ’s comments about assisting terrorism, suggesting it was all just a misunderstanding 🙈.
But US District Judge John G. Koeltl wasn’t buying it. He pointed out that dismissing the charges wouldn’t be a walk in the park 🌳, especially since Binance’s position seemed to suggest they were okay with treating terrorist accounts like regular customers.
The plaintiffs’ lawyer painted a vivid picture of Binance’s involvement, claiming they not only knew about Hamas’ presence on the platform but also helped them make a clean getaway 🚗.
“Binance was told, Hamas is on your platform. They didn’t seize their funds; they helped them leave and told them they were flagged, facilitating,” the lawyer said, making it sound like a scene straight out of a spy novel 📖.
As the dust settled, Judge Koeltl promised to deliver his verdict on the motion to dismiss at a later date, leaving everyone on tenterhooks 🎢.
And just when you thought Binance’s legal saga couldn’t get any more thrilling, a Spanish court threw their hat in the ring, investigating allegations of misappropriation of funds 🤑. Not to be outdone, French authorities also launched an investigation into Binance, accusing them of money laundering, tax fraud, and drug trafficking 🚫.
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2025-01-31 16:54