Victims of Hamas’ 2023 attack on Israel sued Binance and Changpeng Zhao, alleging the exchange facilitated millions in payments to terrorist groups. Binance allegedly laundered money for Hamas even after a $4.32 billion penalty. Plaintiffs include 306 American victims seeking compensatory and triple damages.

The lawsuit alleges Binance enabled terrorist groups to move over $1 billion, including $50 million post-attack. Zhao served a prison sentence for anti-money-laundering violations and was pardoned by President Trump. The complaint accuses Binance of being a refuge for illicit activity and not changing its core business model.

Binance declined to discuss the lawsuit but stated they comply with sanctions laws. A lawyer for Zhao in related litigation declined to comment. The lawsuit seeks compensatory and triple damages, among other remedies. Large cryptocurrency transactions linked to a Brazilian livestock operator are also under scrutiny.

The complaint revealed large sums of cryptocurrency passing through accounts without clear financial explanations. A Venezuelan woman operating a Brazilian company, Fazenda Amazonia, allegedly received over $177 million in deposits and made over $130 million in withdrawals. The lawsuit was filed in North Dakota federal court, highlighting suspicious transactions in the state. Binance and Zhao face separate lawsuits in Manhattan federal court over alleged clandestine funding for terrorist groups.

Read more at Yahoo Finance: Hamas attack victims sue Binance for allegedly allowing payments to militant group