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Changpeng Zhao (CZ), co-founder of Binance, is once again in the spotlight as a new lawsuit accuses him and the cryptocurrency exchange of enabling millions of dollars in financial transactions for Hamas and other designated terrorist organizations.
Binance Accused Of Laundering $1 Billion For Terror Groups
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The legal action, filed in North Dakota federal court, involves 306 plaintiffs, including victims and relatives of individuals affected by Hamas’s October 7, 2023, attack on Israel.
According to the complaint, Binance allegedly laundered significant amounts of money for groups such as Hamas, Hezbollah, the Palestinian Islamic Jihad, and Iran’s Revolutionary Guards.
The plaintiffs assert that these transactions exceeded $1 billion, with more than $50
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