Binance Sued for Alleged Hamas Funding
Update: 2025-11-24
Description
Victims of the October 2023 Hamas attack on Israel file lawsuit against Binance and its founder, Changpeng Zhao, accusing them of facilitating millions in payments to Hamas and other terrorist groups. The lawsuit claims Binance laundered money for Hamas even after pleading guilty to anti-money-laundering law violations. The plaintiffs, including relatives of those killed, injured, or taken hostage, allege Binance allowed over $1 billion in transactions for groups like Hamas, Hezbollah, and Palestinian Islamic Jihad. Binance denies the allegations, stating full compliance with sanctions laws. The lawsuit also highlights unusual transactions, such as a Venezuelan womans Binance account receiving and withdrawing over $177 million. This is not the first lawsuit against Binance and Zhao, who are already defending against a separate case in Manhattan federal court.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
