News Explorer — Binance Wins Dismissal of 'Pig Butchering' Lawsuit

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May 23, 9:31 pm

Blockworks

Binance Wins Dismissal of 'Pig Butchering' Lawsuit

A US district judge has ruled in favor of Binance’s motion to dismiss a lawsuit connected to a purported pig butchering scam. The judge found that the plaintiff's claims lacked jurisdiction and failed to state an appropriate claim, and that Binance.US is barred from operating in Texas. The US Secret Service has reported that pig butchering scams have been the most common types of fraud lately, and the Justice Department has seized $112 million in funds linked to these scams.

A US district judge has ruled in favor of Binance’s motion to dismiss a lawsuit connected to a purported pig butchering scam. The judge found that the plaintiff's claims lacked jurisdiction and failed to state an appropriate claim, and that Binance.US is barred from operating in Texas. The US Secret Service has reported that pig butchering scams have been the most common types of fraud lately, and the Justice Department has seized $112 million in funds linked to these scams.

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