Binance Sued by Victims of Hamas Attacks

The lawsuit alleges the crypto exchange facilitated terror financing, with claimants seeking damages from Binance, its former CEO, and the states of Iran and Syria.

Binance, a major cryptocurrency exchange, is being sued by victims of the October 7 Hamas attacks in Israel, who allege that the company facilitated funding for the terrorist group.
The lawsuit was filed in New York and includes former hostages and families of victims as claimants.
The plaintiffs accuse Binance and its former CEO, Changpeng Zhao, of knowingly allowing illicit actors, including Hamas, to evade US laws and restrictions related to terror financing between 2017 and mid-2023.
Binance and Zhao have previously pleaded guilty to US banking law and sanctions violations, agreeing to pay more than $4bn in penalties.
The lawsuit also seeks damages from Iran and Syria, accusing the states of sponsoring and providing support to Hamas.