Binance founder Changpeng Zhao sued over $1B in alleged Hamas-linked transactions

More than 300 Americans affected by the October 7, 2023, Hamas attack on Israel have filed a lawsuit against Binance, alleging that the cryptocurrency exchange facilitated the movement of over $1 billion for militant groups, including Hamas. The plaintiffs include victims and families of those impacted by the attack, and the case has been filed in a US federal court in North Dakota.

Victims of the October 7 attacks in Israel have filed a federal lawsuit against Binance and its founder, Changpeng Zhao, alleging that the cryptocurrency exchange facilitated over $1 billion in transactions for Hamas and other militant groups. The complaint includes 306 American plaintiffs who claim damages for being killed, injured, or taken hostage during the attacks.

Victims of the October 7 Hamas attack have filed a lawsuit against Binance, alleging that the cryptocurrency exchange facilitated the transfer of over $1 billion to sanctioned entities, including Hamas and Iran's Revolutionary Guard Corps. The lawsuit claims that Binance's actions contributed to the financing of terrorism.

Changpeng Zhao (CZ), co-founder of Binance, is facing a lawsuit in North Dakota federal court, accused of facilitating millions of dollars in financial transactions for Hamas and other terrorist organizations. The legal action claims that Binance has laundered approximately $1 billion for these groups, raising serious concerns about the platform's compliance with financial regulations.