Lawsuit
Former President Trump issued a pardon for Binance CEO Changpeng Zhao while a federal civil lawsuit filed by 306 victims and family members accuses the exchange of facilitating $1 billion in terror financing tied to the October 7, 2023 Hamas attacks.
A $1 billion lawsuit accuses Binance and CEO Changpeng Zhao of financing the October 7 attack, alleging the exchange ignored warning signs for years and allowed suspicious accounts to operate. The filing intensifies scrutiny on exchange controls and who ultimately owned those accounts.
Victims of Hamas attacks have filed a damages lawsuit alleging Binance enabled transfers exceeding $1 billion to sanctioned groups, including Hamas and Iran’s IRGC. The suit claims the exchange failed to stop or block illicit fund flows.
A lawsuit filed Nov. 24 alleges Binance’s organizational setup and compliance controls allowed individuals tied to U.S.-sanctioned terrorist groups to move funds through the exchange. The case raises fresh legal and regulatory pressure on the world's largest crypto platform.
Britain's financial watchdog has initiated legal action against HTX, a global crypto exchange linked to Chinese entrepreneur Justin Sun. This move highlights increasing regulatory scrutiny in the crypto sector.
Former NBA star Shaquille O'Neal agrees to pay $1.8 million to settle a class action lawsuit related to the FTX crypto exchange collapse, resolving claims from investors who lost funds.