Overview
- The 284-page complaint, filed Nov. 24 in U.S. District Court for the District of North Dakota under the Anti-Terrorism Act, names Binance, founder Changpeng Zhao and Guangying Chen as defendants.
- Plaintiffs allege the exchange enabled more than $1 billion in transfers to U.S.-designated terrorist groups, including over $50 million after Oct. 7, 2023.
- The suit claims Binance deliberately failed to monitor inbound funds and let designated or seized accounts shift assets internally, undermining enforcement actions.
- The filing details forensic traces that include Gaza-linked exchange houses, a purported Venezuelan–Brazilian conduit tied to gold smuggling, and logins from Kindred, North Dakota.
- Binance declined to discuss the case and said it complies with internationally recognized sanctions laws, while the plaintiffs seek compensatory and treble damages against the company and executives.