October 7 Massacre, Binance

Survivors of October 7 sue Binance for allowing money transfers to Hamas and Islamic Jihad

Binance, the world's largest cryptocurrency exchange, is now being sued in US court for allowing the financing of terrorist groups on their platform.

Binance. (Photo: Anton Zubchevskyi/Shutterstock)

Binance, the world's largest cryptocurrency exchange, is now being sued in US court for facilitating the transfer of money to Hamas and Palestinian Islamic Jihad, thus helping to enable the massacre of October 7, according to documents posted on X/Twitter by the StopAntisemitism organization.

According to the suit, filed in US District Court in Alabama, the US government has already proven this facilitation through enforcement of anti-money laundering and sanctions laws, which revealed Binance's terrorist connections.

Furthermore, Binance refused to even due the bare minimum to alert the authorities as to the presence of terrorist funding efforts on their platform.

Israeli terror finance experts, while maintaining that most terror financing comes in the form of cash or informal IOU systems known as Hawala, have noted that terrorist groups such as Hamas do use cryptocurrency accounts to distribute money, as well.

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