A Florida appeals court has revived a long-running $80M Bitcoin theft case against Binance, citing sufficient grounds to reconsider jurisdiction and allow state-level legal proceedings.
Florida's Third District Court of Appeal has reopened a long-running legal dispute over the alleged theft of $80 million worth of Bitcoin on Binance, stemming from a 2022 incident. The appellate court concluded the case merits further examination and reversed a lower court's dismissal for lack of jurisdiction. The plaintiff alleges Binance failed to act quickly to freeze stolen funds, leading to significant losses. This decision restores the plaintiff's ability to pursue state-level legal remedies against the exchange.