Hamas Victims Sue Binance And CZ — Accusations Of | Crypto News
Based on experiences, victims of the October 7 assaults in Israel have filed a federal lawsuit against Binance and its founder, Changpeng “CZ” Zhao, claiming the exchange allowed large crypto flows to militant teams.
The grievance lists 306 American plaintiffs who say they have been killed, injured, or taken hostage and are demanding damages.
Dormant Accounts Draw Scrutiny
According to the submitting, the plaintiffs allege Binance helped transfer more than $1 billion for Hamas and other US-designated teams over a number of years.
They declare that more than $50 million handed through the platform after the October 7, 2023 assault. These figures sit at the middle of the case and may form the request for compensatory and treble damages.
The grievance also highlights uncommon account exercise that attorneys say ought to have triggered alarms. One instance entails an account tied to a Venezuelan girl linked to a Brazilian livestock business.
Binance Holdings faces a lawsuit claiming the cryptocurrency platform “knowingly facilitated” crypto transactions by Hamas before the group attacked Israel on Oct. 7, 2023, killing 1,200 people and taking 250 hostages. https://t.co/B3rO7bAjN6
— The Japan Times (@japantimes) November 25, 2025
Reports say the account acquired over $177 million in deposits after opening in 2022 and later despatched out more than $130 million in withdrawals. Attorneys argue that actions of this measurement ought to have been examined more intently.
Large Sums And Strange Flows
Based on experiences, the plaintiffs argue that Binance’s controls have been weak or ignored, permitting questionable transfers to transfer across borders.
The lawsuit lists alleged hyperlinks to Hamas, Hezbollah, Palestinian Islamic Jihad, and Iran’s Revolutionary Guard. Lawyers declare the platform grew to become a device for shifting money while avoiding customary financial checks.
Binance has said it complies with worldwide sanctions legal guidelines and has denied having any particular ties to terrorist teams.
Its legal historical past varieties half of the background: in late 2023, the company pleaded guilty in a major federal case and paid a $4.32 billion penalty tied to anti-money-laundering and sanctions violations.
That earlier case, along with Zhao’s four-month prison sentence, is referenced in the new grievance.
Legal Stakes And Future Impact
The new lawsuit seeks damages under a US anti-terrorism law that can triple any award. If the plaintiffs succeed, the financial and reputational influence on Binance might be extreme.
The grievance was filed in federal court in North Dakota and is separate from another case in Manhattan that is already transferring through the court system.
The submitting also remembers that Zhao’s prison sentence was later adopted by a pardon from US President Donald Trump, one thing the plaintiffs level to as half of the exchange’s sophisticated legal path.
They argue this new lawsuit is critical to push for accountability after years of what they see as weak controls.
Featured image from alliance / Zumapress.com, chart from TradingView
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