A Texan woman who accused Binance of being responsible for her loss of $8 million in a fraudulent scheme on Tinder has seen her case against the world's largest cryptocurrency exchange dismissed. On May 22, United States District Judge Amos Mazzant ruled that there was no evidence to support the claim that Binance Holdings Ltd. played a role in the theft.
The plaintiff, Divya Gadasalli, fell victim to a man named "Jerry Bulasa" on Tinder, who promised her love and financial success but instead deceived her into transferring millions of dollars as part of a scheme known as "pig butchering." This scam involves building a fake relationship with the victim over weeks or months to convince them to send money.
Gadasalli filed a complaint in March 2022, including Binance as one of the defendants, alleging that the exchange facilitated the scam by providing services to the perpetrator. However, Judge Mazzant concluded that Gadasalli failed to present any evidence connecting Binance to the case or establishing jurisdiction over the company. Furthermore, the judge determined that Gadasalli could not prove that the fraud took place in Texas, as Binance and its U.S. counterpart, Binance.US, were prohibited from operating in the state.
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