U.S. judge moves Binance lawsuit to Florida on first-to-file basis

According to Foresight News, a U.S. regional judge has approved Binance's motion to transfer a case involving allegations of money laundering assistance to the Southern District of Florida, applying the "first-to-file rule". The case was originally filed in Washington in August 2024, with core issues identical to a lawsuit filed in Florida in June 2023, alleging that Binance allowed cybercriminals to use its platform for money laundering. Under the "first-to-file rule", if a lawsuit involving the same parties and issues has already been filed in another jurisdiction, the court may decline to rule on the matter.