US judge transfers Binance lawsuit to Florida, citing first-to-file rule

Binance Lawsuit Transferred Under "First-to-File" Rule - The Cryptocurrency Post

TL;DR A U.S. judge has moved Binance’s money laundering lawsuit from Washington to Florida’s Southern District using the “first-to-file” rule. By consolidating similar claims—including one from August 2024 and another from June 2023—the ruling aims to eliminate duplicative litigation. This legal maneuver streamlines the process amid growing regulatory scrutiny on crypto exchanges, potentially setting a precedent for future cases. A U.S. judge h…

Binance CEO Richard Teng Reaffirms Compliance Push Amid Global Regulatory Scrutiny

The post Binance CEO Richard Teng Reaffirms Compliance Push Amid Global Regulatory Scrutiny appeared first on Coinworldstory. Binance CEO Richard Teng has reaffirmed the exchange’s commitment to strict regulatory compliance across all jurisdictions. Emphasizing transparency and user trust, Teng revealed a 35% increase in Binance’s compliance budget under his leadership. The post Binance CEO Richard Teng Reaffirms Compliance Push Amid Global Regu…

Binance CEO Issues Crucial Statement on Compliance

Binance adhering to strict compliance practices in countries it operates in

Judge Transfers Binance Money Laundering Case to Florida Citing Overlap - CoinCodeCap

Key Takeaways Judge Rothstein ruled that the allegations in the two lawsuits are “sufficiently similar” and involve overlapping classes of plaintiffs The Washington case was brought by three investors who claimed their stolen crypto was sent to Binance by hackers A U.S. federal judge has ordered the transfer of a lawsuit against Binance to Florida, citing substantial overlap with a prior case already filed in that district. The decision, issued…

Binance Wins Motion to Transfer Money Laundering Case to Florida Court

A U. S. judge has approved Binance’s request to transfer a money laundering lawsuit from Washington to the Southern District of Florida.

US judge transfers Binance lawsuit to Florida, citing first-to-file rule - Invest In Crypto News

A US judge has granted Binance’s motion to transfer a case involving allegations it facilitated money laundering to the Southern District of Florida due to a similar case that had already been before the courts there. The case, filed in August 2024 in Washington, focused on the same core issue as a suit filed in June 2023 in Florida, accusing Binance of allowing cybercriminals to use the platform for money laundering, US District Judge Barbara R…