US DoJ Faces Lawsuit Regarding $4.3 Billion Binance Settlement

The United States Department of Justice must allocate more of its substantial $4.3 billion settlement with Binance into a fund designated for victims of state-sponsored terrorism, according to a recent lawsuit. On Sept. 25, four individuals, either victims or family members of victims of state-sponsored terrorism, filed a suit against the DOJ in a federal court in Washington, D.C. They claim the DOJ improperly withheld or delayed depositing the proceeds from Binance’s November settlement into the Victims of State Sponsored Terrorism Fund. The lawsuit asserts that under the Victims of State Sponsored Terrorism Act, 100% of criminal proceeds and 75%