$1B Lawsuit Claims Binance, CZ Financed October 7 Attack
A new $1 billion civil suit alleges that Binance and its founder Changpeng Zhao played a role in financing the October 7 attack by failing to stop funds flowing through suspicious accounts. The complaint claims the exchange overlooked warning signs for years and that several high-risk wallets and user profiles went unchecked, raising questions about internal compliance and anti-money-laundering controls.
Beyond the headline figure, the case spotlights broader issues: who actually controlled the flagged accounts, how cross-border transfers were traced, and whether current exchange compliance frameworks are adequate. If the suit progresses, it could sharpen regulatory pressure on Binance and other platforms, spur tighter compliance expectations industry-wide, and influence how courts assign liability for illicit finance routed through crypto services.