US EditionBinance Founder Accused of Aiding Hamas After Trump Pardon
The lawsuit alleges Binance and founder Changpeng Zhao facilitated over $1 billion in crypto transfers to terror groups, including $50 million post-October 7 attacks, despite prior enforcement actions.
- A 284-page complaint filed Monday in U.S. District Court for the District of North Dakota alleges Binance, Changpeng Zhao, and Guangying Chen facilitated over $1 billion in transfers to terror groups, including Hamas, after pleading guilty in November 2023.
- Plaintiffs allege systemic failures including Binance's deliberate failure to monitor inbound funds for Hamas, Hezbollah, Palestinian Islamic Jihad, and the Islamic Revolutionary Guard Corps, and allowing designated accounts to shift assets between 2021 and 2023.
- Among alleged examples are Gaza money exchanges, a South American gold smuggling operation tied to Hezbollah, and a Venezuelan account linked to Fazenda Amazonia that received $177 million, with transfers traced to Kindred, North Dakota.
- Plaintiffs seek damages in a lawsuit against Binance and Zhao, who pleaded guilty in November 2023, served four months, and were pardoned on Oct 23, while defending against a Manhattan federal court suit.
- The filing's broader claims suggest Binance structured itself as a "refuge for illicit activity" and has not changed its core model, despite participating last May in a $2 billion business deal with World Liberty Financial and citing FinCEN and OFAC statements on Hamas use of cryptocurrency.
53 Articles
53 Articles
Hamas Victims’ Families Sue Binance, Accusing It of Aiding Terrorism
The families of 300 U.S. citizens hurt or killed in the Oct. 7 attack on Israel sued Binance, claiming the cryptocurrency exchange aided Hamas and other terrorist groups by transferring more than $1 billion among accounts they controlled. The lawsuit, filed in federal court in North Dakota on Monday, comes about a month after President Trump pardoned Changpeng Zhao, Binance’s founder, who was convicted of money laundering in 2023. Binance “pitch…
Pardoned by Trump, crypto king sued by Oct 7 victims over payments to Hamas
Chinese-born crypto billionaire who was pardoned by Trump sued by survivors of the Hamas invasion and relatives of those killed who say the world’s largest cryptocurrency exchange laundered terrorist funds. By World Israel News Staff A group of more than 300 American citizens are suing the world’s largest cryptocurrency exchange and its founder, a multi-billionaire who was pardoned by President Donald Trump last month, after the exchange was use…
Families Of Oct. 7 Victims Sue Binance For Facilitating Over $1B Transactions For Hamas
JERUSALEM (VINnews) — The families of victims of Hamas’ October 7 terror attack have filed a sweeping lawsuit against the cryptocurrency exchange Binance and its founder, Changpeng Zhao, accusing them of facilitating more than $1 billion in transactions for Hamas and other U.S.-designated terrorist groups, according to a Ynet report. Join our WhatsApp group Subscribe […]
October 7 victim families sue Binance crypto exchange over $1B in covert Hamas fundin
Families of 306 US victims of Hamas’ Oct. 7 attack accuse Binance and founder Changpeng Zhao of enabling more than $1 billion in crypto transfers for Hamas and other terror groups, saying the platform served as a financial lifeline for terrorists
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