A certain CEX and its founders won the lawsuit filed by victims of a terrorist organization attack, and the court dismissed the case.

Gate News: On March 9, a federal judge in Manhattan, New York, Jeannette Vargas, dismissed a civil lawsuit against the world’s largest cryptocurrency exchange (CEX) and its founders. The lawsuit was filed by 535 plaintiffs, including victims and their families, accusing the defendants of facilitating terrorist attacks worldwide through their trading activities. The judge stated that the plaintiffs failed to adequately allege that the defendants intentionally linked to, participated in, or ensured the success of these attacks. The plaintiffs claimed that the attacks occurred between 2017 and 2024 and attributed them to multiple foreign terrorist organizations (FTOs), including Hamas, Hezbollah, the Iranian Revolutionary Guard, ISIS, Kataib Hezbollah, Palestinian Islamic Jihad, and al-Qaeda. They attempted to hold the CEX and its founders responsible for transferring hundreds of millions of dollars in cryptocurrency to foreign terrorist groups and conducting billions of dollars in transactions with Iranian users, indirectly benefiting the agents carrying out the attacks. Judge Vargas noted that while the CEX and its founders might have a general understanding of the platform’s role in terrorist financing, their only connection to these foreign terrorist organizations was that “they or their affiliates held accounts on the trading platform and conducted transactions in good faith.”