{"id":13465,"date":"2025-01-31T14:27:48","date_gmt":"2025-01-31T14:27:48","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=13465"},"modified":"2025-01-31T14:27:52","modified_gmt":"2025-01-31T14:27:52","slug":"binance-denies-links-to-hamas-seeks-dismissal-of-lawsuit","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/binance-denies-links-to-hamas-seeks-dismissal-of-lawsuit\/","title":{"rendered":"Binance Denies Links to Hamas, Seeks Dismissal of Lawsuit"},"content":{"rendered":"\n<p>Binance has pushed back against allegations that it had a special relationship with Hamas and is seeking to have a lawsuit against it dismissed. The lawsuit, filed by families of victims of the October 2023 Hamas attack on Israel, claims that Binance and its former CEO, Changpeng \u201cCZ\u201d Zhao, provided substantial assistance to the militant group.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-binance-argues-against-allegations\">Binance Argues Against Allegations<\/h3>\n\n\n\n<p>On January 30, during a hearing in the US District Court for the Southern District of New York, Binance\u2019s legal team argued that cryptocurrency is not inherently dangerous and that the exchange did not directly support Hamas. A lawyer for Binance stated there was \u201cno special relationship\u201d between the company and the group.<\/p>\n\n\n\n<p>The lawsuit, filed in January 2024, also names the governments of Iran and Syria, accusing them of aiding Hamas. The plaintiffs claim Binance and CZ allowed crypto transactions to fund terrorist activities while keeping them hidden from US authorities. Binance and CZ filed a motion to dismiss the case in June 2024, arguing the allegations lacked legal basis.<\/p>\n\n\n\n<p>\u201cThe best plaintiffs can muster is that Hamas and other terrorists rely on cryptocurrency to fund their operations,\u201d Binance\u2019s legal team stated in the motion. \u201cThis is plainly insufficient.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-lawsuit-follows-binance-s-us-settlement-and-cz-s-guilty-plea\">Lawsuit Follows Binance\u2019s US Settlement and CZ\u2019s Guilty Plea<\/h3>\n\n\n\n<p>Plaintiffs pointed to CZ\u2019s November 2023 guilty plea, weeks after the Hamas attack, as evidence of Binance\u2019s failure to maintain proper anti-money laundering controls. They alleged Binance violated US sanctions and banking laws by not reporting crypto transactions linked to terrorist groups.<\/p>\n\n\n\n<p>As part of the case, CZ served four months in federal prison, and Binance agreed to a $4.3-billion settlement with US authorities. Meanwhile, the exchange still faces an ongoing civil lawsuit from the US Securities and Exchange Commission (SEC), filed in June 2023.<\/p>\n\n\n\n<p>Judge John Koeltl stated he would rule on Binance\u2019s motion to dismiss the case at a later date. At the time of publication, Iran and Syria had not yet responded to the lawsuit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance has pushed back against allegations that it had a special relationship with Hamas and is seeking to have a lawsuit against it dismissed. The lawsuit, filed by families of victims of the October 2023 Hamas attack on Israel, claims that Binance and its former CEO, Changpeng \u201cCZ\u201d Zhao, provided substantial assistance to the militant [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":397,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30,2,40],"tags":[],"class_list":{"0":"post-13465","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-exchange","8":"category-featured","9":"category-regulation"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Binance Denies Links to Hamas, Seeks Dismissal of Lawsuit<\/title>\n<meta name=\"description\" content=\"Binance has pushed back against allegations that it had a special relationship with Hamas and is seeking to have a lawsuit against it dismissed. 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