Gen. Jack Keane (ret.), Fox News senior strategic analyst, on the ceasefire between Israel and Hamas, the Pentagon's conclusion that it appropriately handled Secretary Austin's hospital stay, and Biden's sanctions on Russia.
Survivors of the October 7 attack by Hamas on Israeli communities, as well as on the loved ones of those still held hostage in the Gaza Strip, they allege that the world's greatest threat cryptocurrency exchange has allowed the terrorist group to raise funds using its platform.
A lawsuit against Binance, filed by the National Jewish Advocacy Center in the Middle District Court of Alabama, US, claims that the crypto exchange has allowed Hamas to raise funds without any consequences, the New York Post reported. Hamas terrorists killed more than 1,200 people, injured more than 6,900 and kidnapped 239 people, the lawsuit states.
"For such an attack to be successful or even contemplated, significant funding was necessary," the document states. "The contribution of the defendants to the financing of this attack cannot be underestimated."
Palestinian Hamas terrorists used a cryptocurrency company to raise money, according to a new lawsuit. (Reuters / Ibraheem Abu Mustafa / Archive / Reuters Photos)
Fox News Digital has contacted Binance.
Between January 2018 and May 2022, Binance facilitated nearly $900 million in transactions between customers in the US. and Iran, a violation of US sanctions. Iran is known to fund terrorist groups, such as Hezzbollah, based in Lebanon.
"Iran's ability to provide funds to Hamas is largely due to its payment platforms being used as conduits for platform-based digital and crypto remittances to Hamas by terrorist sympathizers and confederates around the world," it says. the demand.
Former Binance CEO Changpeng Zhao pleaded guilty in November to failing to prevent money laundering on the platform and paid a $50 million fine. The cryptocurrency company paid out a whopping $4.3 billion after the company was found to have violated US sanctions and failed to prevent money laundering on its exchange, the New York Post reported.
Binance, a cryptocurrency company, is being sued over transactions made by Hamas on its platform, according to a new lawsuit. (Jakub Porzycki/NurPhoto via Getty Images/Getty Images)
The crypto company also agreed to pay more than $4 billion for violations related to the Bank Secrecy Act.
"Binance became the world's largest cryptocurrency exchange in part because of the crimes it committed; it is now paying one of the largest corporate penalties in US history." Attorney General Merrick Garland said at the time. "The message here should be clear: using new technology to break the law does not make you a disruptor, but a criminal."
The cryptocurrency failed to prevent or report suspicious transactions with terrorists, federal prosecutors said. allowed the of the Field Brigadesthe military wing of Hamas, Al Qaeda and Palestinian Islamic Jihad, to conduct such transactions, the Treasury Department said.
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"Binanace turned a blind eye to its legal obligations in pursuit of profits, Treasury Secretary Janet Yellen said in November. "Its deliberate failures allowed money to flow to terrorists, cybercriminals and child abusers through its platform."
The plaintiffs are seeking unspecified damages.
