Crypto Kingpins or Terror Enablers? Binance’s Billion-Dollar Oopsie 😱💸

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Well, butter my biscuit and call me surprised-Changpeng Zhao (CZ), the crypto wizard behind Binance, is back in the hot seat. This time, it’s not just about dodgy transactions or regulatory hiccups; it’s about allegedly playing banker to Hamas and other terrorist groups. 🏦💣 Because nothing says “financial innovation” like funding folks who specialize in mayhem, right? 🤡

Binance: The Laundromat for the Apocalypse? 🧺💰

In a lawsuit that reads like a spy novel gone wrong, 306 plaintiffs-victims and relatives of Hamas’s October 7, 2023, attack on Israel-are pointing fingers at Binance for laundering a cool $1 billion for terror groups. Yes, you read that right. One. Billion. Dollars. Enough to make even Scrooge McDuck blush. 🤑

According to the complaint, Binance wasn’t just a bystander; it was the VIP lounge for Hamas, Hezbollah, the Palestinian Islamic Jihad, and Iran’s Revolutionary Guards. Over $50 million allegedly slipped through after the recent attacks, because apparently, “counterterrorism” wasn’t on the company’s to-do list. 📝✖️

The plaintiffs claim Binance positioned itself as the “safe haven for illicit activities,” which is a fancy way of saying it was the go-to spot for bad actors. Lee Wolosky, the attorney for the victims, put it bluntly: “When a company chooses profit over basic human decency, it’s time to break out the gavels.” ⚖️💥

Binance’s response? A spokesperson played it cool, saying they “fully comply with internationally recognized sanctions laws.” Translation: “We’re not touching that with a ten-foot pole.” 🤐

Crypto Transactions: Suspicious or Just Really Bad at Math? 🤔💳

The lawsuit also highlights some head-scratching crypto transactions flowing through accounts with no clear purpose. Oh, and get this-two transactions were traced back to Kindred, North Dakota. Population: 1,000. Because nothing screams “global terror financing” like a small town with a single stoplight. 🌽🚦

But wait, there’s more! Binance and CZ are also juggling another lawsuit in Manhattan, where victims of previous attacks claim the exchange has been a “clandestine” ATM for Hamas and friends for years. Talk about a busy legal calendar. 📅⚖️

Binance in the hot seat, probably

So, what’s the moral of this story? Maybe crypto isn’t just about decentralized finance-it’s about decentralized accountability. Or maybe it’s just another day in the Wild West of blockchain. Either way, grab your popcorn and stay tuned, because this drama is far from over. 🍿🎬

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2025-11-25 02:09