Binance, the world's largest cryptocurrency exchange by client count, has been ruled not liable for the loss incurred by a Texan woman named Divya Gadasalli who lost $8 million in a pig butchering scheme. The ruling was made by United States District Judge, Amos Mazzant, who dismissed the lawsuit brought forward by Gadasalli claiming that Binance aided the scammer steal $8 million in a scheme hatched on Tinder.
Binance filed for the case to be dismissed at the United States Easter District Court of Texas, stating that the plaintiff had failed to state a claim and there was a lack of personal jurisdiction. Despite Binance's position, Gadasalli's lawyers wanted the court to investigate the relationship between Binance and Binance US.
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