Binance
Seeks Dismissal
of October 7
Victims Lawsuit
in SDNY Quoting
CZ Guilty Plea
by
Matthew Russell Lee, Patreon Book
Substack
SDNY
COURTHOUSE,
Jan 30 – After the October 7,
2023 attacks by Hamas from
Gaza, and CZ's and Binance's
guilty pleas, the latter two
along with Iran and Syria were
sued. Argument on Binance's
motion to dismiss was heard on
January 30 by U.S. District
Court for the Southern
District of New York Judge
John G. Koeltl. Inner City
Press was there, thread:
OK- now at case
against crypto firm Binance,
CZ, Syria and Iran by victims
of Oct 7 attack.
Binance lawyer
[from Cahill Gordon] We are
accused of non-feasance,
failures to prevent money
laundering and to file SARS.
Such cases are routinely
dismissed-
Judge: Not
recently...
Binance lawyer:
OK, we allowed a Hamas VIP to
be quietly off-boarded. But
that was in July 2020, long
before the attacks.
Plaintiffs'
lawyer: Binance was told,
Hamas is on your platform.
They didn't seize thr funds,
they helped them leave and
told them they were
flagged, facilitating.
Judge
Koeltl: I will rule at a later
date
More on X for
Subscribers
here and on Substack here
The case is
Raanan, et al. v. Binance
Holdings Limited, et al.,
1:24-cv-697 (Koeltl)
***
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