U.S. judge cites the\first-to-prosecute rule\to transfer Binance money laundering case to Florida
On April 22, Cointelegraph reported that a U.S. judge granted Binance's motion to transfer a case involving allegations of assisting in money laundering to the Southern District of Florida on the grounds that a similar case was already being tried there. The case was filed in Washington in August 2024 and focuses on the same core issues as a lawsuit filed in Florida in June 2023, accusing Binance of allowing cybercriminals to use its platform for money laundering, U.S. District Judge Barbara Rothstein said in an April 21 ruling. Judge Rothstein pointed out that although the two lawsuits describe the proposed group of plaintiffs slightly differently, they essentially cover individuals whose cryptocurrency was stolen and transferred to Binance accounts during the relevant period. Therefore, the court believes that the plaintiff groups in the two cases are sufficiently similar to apply to the principle of first prosecution.
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