Binance Under Fire: Lawsuit Alleges Crypto Transfers To Hamas After Israel-Gaza Conflict

Binance, the cryptocurrency exchange founded by Changpeng Zhao, is facing a new lawsuit alleging it facilitated millions of dollars in transactions for Hamas and other militant groups following the October 7th, 2023 attack on Israel. The lawsuit, filed by American victims and their families, accuses Binance of enabling these organizations to conceal financial movements through its platform despite previous U.S. enforcement actions.