Binance and CZ Face Lawsuit Over Payment Facilitation to Hamas

• Terror victims accused CZ of enabling Hamas by facilitating payments.
• CZ served a prison sentence linked to money laundering violations.
• Binance insists that it complies with international sanctions laws.

Terror victims from the October 2023 attack in Israel have sued Binance and its founder, Changpeng Zhao, for facilitating payments to Hamas and other US-designated terror groups.

Terror Victims’ Position Against Binance

According to reports, 306 Americans, comprising relatives of direct victims of Hamas’ attack, including those killed, injured, or taken hostage, alongside those affected by the actions of other terror groups, joined the lawsuit against Binance and Zhao. 

For context, the plaintiffs accused Binance of knowingly enabling Hamas, Hezbollah, Palestinian Islamic Jihad, and Iran’s Revolutionary Guard to facilitate transactions worth over $1 bill…

Read The Full Article Binance and CZ Face Lawsuit Over Payment Facilitation to Hamas On Coin Edition.