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Crypto company Binance accused of knowingly enabling Oct. 7 attacks in lawsuit filed by victims’ families

November 25, 2025 | | Print Article

A shocking lawsuit accuses cryptocurrency company Binance of “knowingly” helping groups behind the Oct. 7 terror attacks.

Binance and its co-founder Changpeng Zhao, who was pardoned by President Donald Trump in October 2025 after pleading guilty to money laundering charges, have been hit with a massive, bombshell lawsuit. Among the accusations made in the 284-page filing, which was submitted to a North Dakota federal court on behalf of the families of victims, claims that the cryptocurrency exchange company “deliberately” failed in its responsibility “to monitor inbound funds” that were headed for designated terror groups such as Hezbollah, Palestinian Islamic Jihad, Hamas,  and Iran’s Islamic Revolutionary Guard Corps.

The filing lists 306 American plaintiffs who are family members of Israeli-American victims, such as Hersh Goldberg-Polin, who was held prisoner by Hamas but eventually freed, and IDF soldier Itay Chen, who was murdered in captivity. It claims that the lack of oversight by Binance ensured “that terrorists and other criminals could deposit and shuffle enormous sums on the exchange with impunity.”

“Binance allowed those customers and accounts to shift the assets into other Binance accounts, thus negating the effect of any ‘blocking’ or ‘seizing,’” it reads, going on to state that such behavior “demonstrates Binance’s deliberate and conscious effort to enable users to operate on the Binance platform and clearly helps facilitate financial crime on an industrial scale.”

X users reacted to the lawsuit:

“Changpeng ‘CZ’ Zhao – the crypto titan Trump pardoned like a plot twist nobody asked for – is now being accused of something far bigger than AML failures: helping Hamas, Hezbollah, IRGC networks, and Islamic Jihad move money around the blockchain,” Mario Nawfal. “A group of American families whose relatives were murdered or kidnapped in the October 7 attack just filed a federal lawsuit claiming Binance provided ‘substantial assistance’ to terror groups – even after its $4.3B settlement with the U.S. in 2023.”

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“Key allegations: $50M+ in transactions tied to Hamas and other militant groups since Oct. 7, 2023 $300M+ in transfers from Binance-run wallets to designated extremist-linked wallets before the attack $115M+ more after Some of these accounts? Still active, according to the complaint. All while Binance was assuring regulators it followed sanctions rules,” his post continued. “Oh – and an Emirati fund tied to a Trump-adjacent stablecoin pumped $2B into Binance right before the pardon… This lawsuit won’t just hit CZ – it’s going to drag the entire post-pardon Trump-crypto nexus into the spotlight. And if discovery moves forward? Expect fireworks that make Sam Bankman-Fried’s saga look quaint.”

Sierra Marlee
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