Binance Is Sued by Hamas Victims Under Anti-Terrorism Law (1)

Binance Holdings Ltd. 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.

More than 300 victims and family members of the Oct. 7 attack sued Binance, co-founder Changpeng Zhao, and top executive Guangying Chen under the Justice Against Sponsors of Terrorism Act provision of the Anti-Terrorism Act. They claim Binance enabled more than $1 billion in transactions by Hamas, Hezbollah, and other entities designated as foreign terrorist organizations by the US.

Changpeng Zhao

Photographer: Samsul Said/Bloomberg

“The lawsuit details how Binance knowingly facilitated ...