Binance Faces Lawsuit Over Alleged Terrorist Financing of $1 Billion+

A new lawsuit accuses Binance, the cryptocurrency exchange founded by Changpeng Zhao, of knowingly facilitating over $1 billion in transactions for Hamas and other terrorist organizations. The complaint claims Binance enabled these transfers both before and after the October 7th, 2023, Hamas attacks on Israel. It names Zhao and senior executive Guangying Chen as defendants, alleging that they were complicit in funding terrorism activities. Binance has yet to respond publicly to the allegations.