Binance Faces $1 Billion Lawsuit from Hamas Attack Victims for Allegedly Facilitating Terrorist Financing

Nov 25, 2025 02:10 pm CST

Over 300 victims and family members of the October 7, 2023 Hamas attack have filed a lawsuit against cryptocurrency platform Binance, claiming it knowingly facilitated over $1 billion in transactions for terrorist organizations. The plaintiffs allege that Binance, its co-founder Changpeng Zhao, and executive Guangying Chen violated anti-terrorism laws by enabling financial transactions that supported Hamas and other designated terrorist groups.