US Judge Transfers Binance Lawsuit Over Money Laundering Claims to Florida

A US judge has transferred a case against Binance alleging the company facilitated money laundering to the Southern District of Florida, citing the first-to-file rule. The decision is based on similarities with an existing lawsuit in Florida filed by Michael Osterer that accused Binance of aiding in the conversion of stolen cryptocurrency. According to Judge Barbara Rothstein, both cases involve similar claims and plaintiffs, making the Florida suit a ‘sufficiently similar’ case to warrant applying the first-to-file rule.