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.
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79 Articles
Families of Oct. 7 Victims Sue Binance
Binance, the world's largest cryptocurrency exchange, is facing a lawsuit from the families of 300 American citizens who were injured or killed in the Oct. 7, 2023 attack on Israel. The families allege that Binance helped Hamas and other terrorist organizations move over $1 billion through its platform, effectively aiding...
Oct. 7 families’ lawsuit says Bitcoin CEO, whom Trump pardoned, facilitated $1B in payments to Hamas and its allies
(JTA) — The families of victims of Hamas’ Oct 7, 2023, attack on Israel filed a lawsuit against the cryptocurrency fund Binance and its CEO, claiming they facilitated over $1 billion in funding to the terror group and others behind the attacks. The latest lawsuit against Binance CEO Changpeng Zhao comes one month after he was pardoned by President Donald Trump for his November 2023 conviction on violating anti-money-laundering and sanctions laws…
Oct. 7 families' lawsuit says Bitcoin CEO, whom Trump pardoned, facilitated $1B in payments to Hamas and its allies
The families of victims of Hamas’ Oct 7, 2023, attack on Israel filed a lawsuit against the cryptocurrency fund Binance and its CEO, claiming they facilitated over $1 billion in funding to the terror group and others behind the attacks. The latest lawsuit against Binance CEO Changpeng Zhao comes one month after he was pardoned by President Donald Trump for his November 2023 conviction on violating anti-money-laundering and sanctions laws. Zhao, …
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