Binance Faces US Federal Lawsuit Alleging It Aided Hamas via Crypto Transfers, With 300+ Plaintiffs in North Dakota Court

A federal lawsuit filed in North Dakota accuses Binance and executives of aiding terrorist financing by enabling transfers on the cryptocurrency exchange before the 2023 attacks. The complaint, lodged on Monday, names more than 300 victims and their families and lists Binance co-founder CZ and senior executive Guangying Chen as defendants. It contends that Binance moved and concealed billions for Hamas, the IRGC, Hezbollah, and Palestinian Islamic Jihad using the platform.

According to the filing, the conduct reportedly aided the October 7th assault and related operations, linking the exchange to broader terrorist-financing schemes. The plaintiffs seek accountability and damages under financial-crime and sanctions-related theories, arguing the activity persisted despite enforcement signals.

Binance also faces several similar U.S. lawsuits over crypto transactions tied to sanctioned groups. A spokesperson said the company cannot comment on active litigation. The case highlights ongoing regulatory risk and the diligence required of major crypto platforms as authorities tighten oversight of illicit fund movements.