Binance Faces $1 Billion Lawsuit Over Alleged Terror Financing After Trump Pardon for Founder

Binance is facing a $1 billion civil lawsuit from 306 victims and families of the Hamas attack, just weeks after President Donald Trump pardoned the platform’s founder. The complaint alleges that Binance facilitated terrorist financing through lax compliance practices and off-chain transfers, allowing groups like Hamas and Hezbollah to move funds without proper oversight. This lawsuit comes as Changpeng Zhao, known as CZ, was granted a pardon by Trump, which voided his four-month prison sentence for failing to maintain an anti-money laundering program.