Families of hostages and victims of Hamas in Israel have filed a lawsuit against cryptocurrency exchange Binance, alleging that it processed transactions associated with the terrorist group and others operating in the region. The complaint was filed in the U.S. District Court of the Southern District of New York on behalf of U.S. citizens who were affected by acts of terror perpetrated by Hamas and other groups in Israel. The plaintiffs are also suing Iran and Syria. Binance is accused of facilitating the financing of Hamas and other terrorist organizations between 2017 and 2023, and providing a clandestine financing tool that it deliberately hid from U.S. regulators. More than 100 Binance accounts with suspected links to Hamas were frozen at the request of Israeli law enforcement in the 10 days following the attacks.
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