Richard Teng

Person

Last mentioned: 3d ago

Timeline

  1. Case Dismissed

    A U.S. court dismisses the lawsuit, ruling that the exchange is not liable for the specific acts of terrorism cited.

  2. Civil Lawsuit Filed

    Victims of international terrorism file a civil suit alleging Binance facilitated financing for terrorist groups.

  3. DOJ Settlement

    Binance reaches a $4.3 billion settlement with U.S. authorities over AML and sanctions violations.

Stories mentioning Richard Teng 1

Regulation Bullish

Binance Cleared of Terrorism Financing Claims in Landmark Court Dismissal

A U.S. court has dismissed a high-profile lawsuit against Binance that alleged the cryptocurrency exchange facilitated terrorism financing. The ruling marks a significant legal victory for the platform, as the judge determined that the plaintiffs failed to establish a direct link between the exchange's operations and specific acts of international terrorism.

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