A major trial launched a binance under the spotlight. The families of the victims of October 7, 2023, Hamas Attack against Israel, Binance helped finance the group’s activities. They believe that the exchange of crypto allowed transactions that supported Hamas without informing the American authorities.
Although Binance had trouble complying in different countries, the exchange does not agree with these statements. During a recent legal hearing, the company’s lawyers argued that Binance had never had a direct link with Hamas. Representatives of the scholarship asked the judge to reject the case, qualifying the weak and unfair trial.
Binance denies any link with Hamas because he fights a legal action accusing him of facilitating terrorist funding.
The case follows a guilty plea of CZ and a regulation of $ 4.3 billion in binance with the American authorities. A decision is pending. (
#Binance #Crypto #Hamas pic.twitter.com/3twfrfihrl
– Union traders (@tradersunion_tu) January 30, 2025
Interestingly, this trial is not only focused on the binance. He also appoints the former CEO of Binance, Changpeng “Cz” Zhao, and even the governments of Iran and Syria. The affirmation is that these groups helped Hamas by providing a way to secretly move money. However, Binance insists that it is not because some criminals use the crypto, which means that the company is responsible.
Breaking: French investigators opened a judicial investigation into Binance for money laundering, tax fraud and drug trafficking.
– Crypto Rover (@rovercrc) January 28, 2025
Breaking: French investigators opened a judicial investigation into Binance for money laundering, tax fraud and drug trafficking. 
CZ’s past is also used as proof in this case. In November 2023, he admitted that Binance had not respected the rules for the fight against appropriate money laundering. As a result, Binance was forced to pay $ 4.3 billion in penalties and CZ himself spent four months in prison. The families of the victims argue that it shows that Binance did not do enough to stop illegal transactions.
CZ has officially released! Let the Bullrun start! pic.twitter.com/lrtnxc0vqh
– Luke Belmar
(@lukebelmar) What happens next?
The judge has not yet made a final decision. If the case advances, this could lead to more strict rules on how cryptographic companies managed transactions. If he is dismissed, it would be a big victory for Binance. Be that as it may, this case could shape the future of cryptocurrency regulations.
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