{"id":29945,"date":"2024-09-26T23:30:43","date_gmt":"2024-09-26T20:30:43","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=29945"},"modified":"2024-09-26T16:13:13","modified_gmt":"2024-09-26T13:13:13","slug":"terror-victims-sue-doj-over-binance-settlement-allocation","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/terror-victims-sue-doj-over-binance-settlement-allocation\/","title":{"rendered":"Terror Victims Sue DOJ Over Binance Settlement Allocation"},"content":{"rendered":"

On September 25, a complaint was launched against the United States Department of Justice (DOJ),<\/strong> claiming that money from a significant $4.3 billion settlement<\/strong> with Binance<\/strong> that should have gone to the Victims of State Sponsored Terrorism Fund was illegally withheld. Four plaintiffs, relatives or victims of state-sponsored terrorism, argue that under the Victims of State Sponsored Terrorism Act, 75% of civil proceeds and 100% of criminal proceeds from cases like Binance’s should be deposited into this fund.<\/p>\n

Argued in a Washington, DC federal court, the lawsuit contends that although the DOJ has allegedly intended to allocate at least $1.5 billion to a fund for crime victims, which the plaintiffs contend is illegal, it has placed roughly $898.6 million into the fund. The plaintiffs want a court decision requiring the Victims of State Sponsored Terrorism Fund to receive all qualified Binance case money.<\/p>\n

Declared defendants in the complaint are the Office of Foreign Assets Control (OFAC), the Treasury Department, the Commodity Futures Trading Commission, US Attorney General Merrick Garland, and the DOJ.<\/p>\n

Accepting a $4.3 billion pay-off, Binance accepted a guilty plea in November 2023 to violate US sanctions and the International Emergency Economic Powers Act (IEEPPA). Former Binance CEO Changpeng Zhao also entered a guilty plea to criminal counts including violations of the Bank Secresy Act, therefore imposing a $50 million fine and a four-month jail sentence. Zhao estimated release date is September 29.<\/p>\n

The DOJ had earlier investigated Binance for providing services to Russians under sanctions imposed in April 2022, so complicating the legal picture surrounding the exchange.<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our<\/span><\/i> Telegram,<\/span><\/i><\/a> YouTube<\/span><\/i><\/a>, and<\/span><\/i> Twitter<\/span><\/i><\/a> channels for the latest<\/span><\/i> news<\/span><\/i><\/a> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

On September 25, a complaint was launched against the United States Department of Justice (DOJ), claiming that money from a significant $4.3 billion settlement with Binance that should have gone to the Victims of State Sponsored Terrorism Fund was illegally withheld. Four plaintiffs, relatives or victims of state-sponsored terrorism, argue that under the Victims of<\/p>\n","protected":false},"author":6,"featured_media":29946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1],"tags":[8793,8792],"class_list":["post-29945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","tag-binanceof-justice-doj","tag-united-states-department"],"yoast_head":"\nTerror Victims Sue DOJ Over Binance Settlement Allocation - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/terror-victims-sue-doj-over-binance-settlement-allocation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terror Victims Sue DOJ Over Binance Settlement Allocation - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"On September 25, a complaint was launched against the United States Department of Justice (DOJ), claiming that money from a significant $4.3 billion settlement with Binance that should have gone to the Victims of State Sponsored Terrorism Fund was illegally withheld. 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