American citizens whose family members were harmed during the Hamas attack on 07.10.2023 have filed a civil lawsuit against Changpeng Zhao.

The complaint alleges that while he led Binance, Zhao aided transfers amounting to millions of dollars routed through the exchange’s infrastructure.

Allegations in the lawsuit

According to the Financial Times, plaintiffs claim Binance processed transactions that ultimately benefited Hamas, and the complaint seeks civil liability for those transfers.

Media reports note the case is a civil complaint and that the allegations are based on assumptions about Binance’s role in processing suspicious transactions.

Details reported and filings

The suit contends transfers totaling millions of dollars were routed through the exchange, although public filings do not specify exact figures or a full transaction breakdown.

Plaintiffs emphasize a timeframe when Zhao was serving as chief executive, asserting that the activity occurred through Binance infrastructure under his leadership.

Legal status and next steps

The Financial Times report does not provide details of any official response from Binance or from Changpeng Zhao regarding the allegations.

Plaintiffs seek damages and civil remedies; courts will determine whether the exchange’s systems knowingly facilitated financing to a designated terrorist organization.