U.S. Judge Approves Binance Motion to Transfer Money Laundering Aid Case to Florida Court

On April 22nd, according to a report by Cointelegraph, a U.S. judge has granted Binance's motion to transfer a case related to money laundering charges it was involved in to the Southern District of Florida court. This decision was made based on a similar ongoing case in the local area. The case was filed in Washington in August 2024. It focuses on the same core issue as a lawsuit filed in Florida in June 2023, which accuses Binance of allowing cybercriminals to use its platform for money laundering. U.S. District Judge Barbara Rothstein stated in a ruling on April 21st that although the two lawsuits describe the proposed plaintiff classes slightly differently, they essentially both cover individuals whose cryptocurrency was stolen during the relevant time period and transferred to a Binance account. Therefore, the court finds that the proposed plaintiff classes in the two cases share sufficient similarities to apply the "first-to-file rule."