Binance User Wins New Chance to Sue for $80 Million Bitcoin Loss

A scam victim will have a fresh opportunity to show he can sue Binance Holdings Inc. in state court over an alleged theft of $80 million worth of Bitcoin, a Florida appeals court ruled Wednesday.

The trial court incorrectly ruled it couldn’t exercise personal jurisdiction over Binance in connection with the cryptocurrency platform’s alleged failure to keep stolen funds frozen, the Florida Third District Court of Appeal said in its opinion reviving the suit.

Binance has been the target of suits in the past, most recently by victims of the terrorist organization Hamas who say the company knew of illicit ...