Binance, one of the world’s largest cryptocurrency exchanges, is facing a new lawsuit accusing the company and its founder, Changpeng Zhao, of facilitating more than $1 bn in transactions for Hamas, Hezbollah and other U.S.-designated terrorist organizations.
According to The Financial Times, the suit was filed by hundreds of victims of Hamas’ October 2023 attack on Israel. Reuters reported that 306 American plaintiffs, including families of those killed, injured, or taken hostage, are leading the case, which also cites subsequent attacks by other militant groups.
The complaint alleges that Binance «knowingly allowed» the transfer of more than...