CZ: CEXs Have Zero Reason for Involvement with Terrorists

Binance founder and former CEO, Changpeng Zhao (CZ) posted on X in response to a federal judge's recent dismissal of a civil lawsuit that sought to hold Binance and founder and CZ liable for transactions that allegedly helped terrorist groups conduct attacks. CZ stated in his post that terrorist groups would be unlikely to generate revenue for exchanges because they typically do not engage in active trading, which is where exchanges earn fees. At most, they might deposit funds and immediately withdraw them, and these are transactions that produce little or no income for the platform.