Oct. 7 victim families sue Binance over $1B in secret funding for Hamas, Palestinian terror groups

WASHINGTON — Families of victims of Hamas’ Oct. 7, 2023, attack on Israel sued Binance Monday, claiming that the world’s largest cryptocurrency trading platform — and its recently pardoned founder and former CEO Changpeng Zhao — helped smooth the transfer of more than $1 billion to the accounts of terror groups responsible for the atrocity. But the nearly 300-page complaint stated that Binance’s conduct was “far more serious and pervasive than what the US government disclosed” during those proceedings — and that the company “knowingly sent and received the equivalent of more than $1 billion to and from accounts and wallets controlled by the [foreign terror organizations] responsible for the October 7 Attacks.” Zhao remains a majority owner of Binance, which the Oct. 7 victims’ families maintain “knowingly, willfully, and systematically assisted Hamas, the IRGC, Hezbollah, PIJ, and other terrorist groups to transfer and conceal the equivalent of hundreds of millions of U.S. dollars through the Binance platform in support of their terrorist activities.”

Author: Josh Christenson

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