Crypto giant accused of laundering millions to Hamas, exposing extremist Arab terror networks’ global financing lifeline.
Victims of Hamas’ barbaric October 7, 2023 massacre have filed a sweeping lawsuit against global crypto giant Binance and its founder Changpeng Zhao, accusing them of knowingly enabling the financial networks that empowered Hamas, Hezbollah, Islamic Jihad, and Iran’s Revolutionary Guard to carry out deadly attacks on Israelis and Americans.
The lawsuit—filed by 306 American victims including families of the murdered, injured, and kidnapped—alleges that Binance functioned as a money-laundering pipeline for US-designated terrorist organizations, even after the company pleaded guilty in 2023 to federal charges and paid a massive $4.32 billion penalty for violating anti-money-laundering and sanctions laws.
According to the complaint, Binance facilitated over $1 billion in transfers for hostile Palestinian and Iranian terror factions—and shockingly, at least $50 million AFTER October 7. Plaintiffs say Binance acted with open knowledge that its platform was being exploited to finance mass murder.
Zhao himself pleaded guilty to anti-money-laundering crimes, served four months in prison, and was later pardoned by President Donald Trump on October 23. Despite this, victims allege the company has “not meaningfully altered its core business model,” which they describe as intentionally structured to attract illicit actors.
The filing highlights deeply suspicious accounts including one controlled by a 26-year-old Venezuelan woman tied to a Brazilian livestock firm whose Binance account processed $177 million in deposits despite no plausible legitimate revenue. Investigators traced some transactions to obscure locations such as Kindred, North Dakota—a town of only about 1,000 residents—underscoring the shadowy nature of these operations.
This new lawsuit adds to Binance’s growing legal jeopardy. A separate federal case in Manhattan accuses the company of providing a “clandestine” funding mechanism for Hamas and Islamic Jihad, and a judge refused to dismiss that case earlier this year.
If proven, these accusations represent one of the most consequential terror-finance scandals in modern history—demonstrating how global Arab terror groups leveraged cryptocurrency networks to support Hamas’ genocide campaign on October 7 and beyond.
