Changpeng Zhao, former chief executive officer of Binance, leaves federal court in Seattle, Washington, US, on Tuesday, April 30, 2024. Photo: David Ryder/Bloomberg Binance Sued in New York by American Gold Star, Hostage and Service Member Families
"Binance and Zhao thus enabled terrorist violence and should be held accountable not only to governments and regulators," the plaintiffs alleged in the 270-page complaint, "but also to the flesh-and-blood victims of the attacks they aided."
September 25, 2024 at 03:01 PM
4 minute read
Cryptocurrency
What You Need to Know
- Binance Holdings Ltd. was sued by 270 direct and indirect victims of terrorism.
- In the complaint, the plaintiffs claimed Binance knowingly facilitated the transfer of millions of dollars worth of cryptocurrency to and from terrorist groups.
- The plaintiffs argued that Binance should not only be held accountable to governments and regulators but to 'flesh-and-blood victims of the attacks they aided.'
The operator of the largest cryptocurrency exchange is facing an antiterrorism complaint in the Southern District of New York from 270 direct and indirect victims who claimed that it knowingly facilitated the transfer of millions of dollars' worth of cryptocurrency to and from terrorist groups "deliberately to gain a business advantage."
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