- Binance and CZ hit with new lawsuit from Oct 7 victims, accused of funneling $400M+.
- Complaint says Binance wallets sent $300M before the attack, $115M after.
- Even after the $4.3B settlement, some terror linked accounts stayed open.
Binance and its former boss CZ are getting sued again, this time by American families hit by Hamas’s October 7 attack that killed 1,200 and took 250 hostages. The 284 page lawsuit filed in North Dakota says Binance knowingly let Hamas, Hezbollah, Palestinian Islamic Jihad, and Iran’s IRGC move millions in crypto for years.
The complaint claims Binance’s own wallets sent over $300 million to terror linked accounts before the attack. And another $115 million after, totaling more than $400 million. Some of those accounts were still active even after Binance paid a $4.3 billion settlement in 2023 for sanctions and laundering violations.
Leaked Internal Messages
Plaintiffs pulled up old employee messages: one compliance officer said users “are here for crime,” another joked about advertising “come to Binance” for washing drug money. The suit says Binance ignored 2019 and 2020 warnings about Hamas wallets and never filed proper suspicious activity reports.
It also ties in a Venezuela Iran gold smuggling ring that allegedly used Binance to funnel cash to terror groups. Courts in New York and Alabama have already said the families have a plausible case that Binance. By “knowingly and substantially” helped the attackers.
Under U.S. anti terror laws, that could mean triple damages. Binance says it follows sanctions and can’t comment on live cases, but the families aren’t backing down.
