Binance and its co-founder Changpeng Zhao are facing a major lawsuit in a U.S. federal court in North Dakota, filed by American citizens whose relatives were killed, injured, or taken hostage in Hamas’s October 7, 2023 attack. The assault left around 1,200 people dead and led to nearly 250 hostages being taken into Gaza.
The 284-page complaint alleges that Binance “knowingly facilitated” millions of dollars in crypto transactions for Hamas, Hezbollah, Palestinian Islamic Jihad, and Iran’s Islamic Revolutionary Guard Corps for several years.
It states that Binance’s own wallets allegedly sent more than $300 million to terror-linked accounts before the attack and over $115 million afterward.
The filing also claims the exchange was intentionally structured to operate outside national regulations, allowing illicit groups to move funds freely.
Some of the implicated wallets reportedly remained active even after Binance’s $4.3 billion settlement with U.S. authorities in 2023 for sanctions and money-laundering violations.
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