Key Notes

The case against Binance is backed by more than 300 victims and families and has been filed under the Justice Against Sponsors of Terrorism Act.

The lawsuit claims Binance enabled transactions linked to sanctioned terrorist groups, including Hamas, Hezbollah, and Iran’s Islamic Revolutionary Guard Corps.

It argues that the platform prioritized profit over compliance and intentionally operated as a channel for illicit finance.

Changpeng Zhao (CZ), the founder of Binance, is facing another lawsuit alleging that the exchange facilitated transactions linked to Hamas ahead of the October 7 attack on Israel.

Along with Zhao, the federal lawsuit names Binance Holdings Ltd. and executive Guangying Chen. Related article: Here's Why $1B Stablecoin Inflow into Binance Means Another B

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