Binance Launches ZRC Airdrop After SEC Case Dropped, Here Are the Details!

Jakarta, Pintu News – Crypto exchange Binance recently announced the launch of the Zircuit (ZRC) token airdrop following the withdrawal of a lawsuit by the US Securities and Exchange Commission (SEC). This announcement comes as good news for Binance Alpha users who meet certain criteria. This airdrop is expected to increase participation and activity on the Binance platform.

ZRC Airdrop Campaign

Binance revealed that users who have at least 211 Binance Alpha points can claim 2,666 ZRC tokens by redeeming their 15 points. This airdrop begins at 8:30 UTC on June 3, 2025, and users must confirm their claim within 24 hours.

Claims that are not confirmed will be forfeited. The campaign is available through the Alpha Events page on Binance and is only open to qualified participants. In addition, Binance is also planning to hold a ZRC trading competition with a total prize pool of 27.5 million ZRC tokens.

More details on the competition rules and schedule will be announced later. This program is the latest addition to the Binance Alpha feature that offers exclusive benefits to its users.

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SEC Lawsuit Revocation

The SEC’s dismissal of the lawsuit comes after nearly two years of litigation. On May 29, Binance and its co-founder Changpeng Zhao, along with the SEC filed a joint motion asking the federal court in Washington, D.C. to dismiss the lawsuit filed in June 2023.

The motion notes that the activities of the SEC’s Crypto Task Force may affect the final resolution of the litigation. The motion to dismiss the case “with prejudice” ensures that the SEC cannot file such suits in the future.

This decision is based on the discretionary authority and policy considerations of the regulator. The lawsuit previously accused Binance and Zhao of violating securities laws, misappropriating customer funds, and misleading investors.

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Settlement with the US Department of Justice

In a separate development, Binance settled a case with the US Department of Justice in November 2023, agreeing to pay a fine of $4.3 billion. Zhao admitted to violating anti-money laundering regulations and resigned as CEO.

Later, he received a four-month prison sentence in April 2024. Binance responded to the withdrawal of the case with a public statement, calling it an important development in the ongoing discussion on digital asset regulation.

Conclusion

The launch of the ZRC airdrop by Binance and the dropping of the lawsuit by the SEC marks a new chapter in the evolution of the crypto market. This not only strengthens Binance’s position in the industry but also provides new opportunities for users to engage more deeply in the crypto ecosystem.

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Reference

• Blockchain Reporter. Binance Launches ZRC Airdrop Following SEC Case Dismissal. Accessed on June 5, 2025
• Featured Image: Generated by AI