The founder of Binance has been accused of financing HAMAS, an investigation is underway. Details are currently unknown.

The founder of Binance, Changpeng Zhao, is once again at the center of a scandal — and this time it’s not about corporate decisions or internal investigations. The Financial Times reports that a complaint has been filed in the US accusing Zhao of aiding terrorist structures following the events of October 7, 2023.

The nature of the allegations is severe. US citizens whose families were affected by the Hamas attack have approached the federal court. They claim that Binance was involved in covert financial operations linked not only to Hamas but also to Hezbollah. The materials state that the exchange either knew about the origin of the transactions or “could not have been unaware,” given the nature of the operations.

Lawyers insist: more than 50 million dollars ended up in cryptocurrency wallets associated with structures in Gaza. According to them, payments began to be processed precisely on October 7, making the situation even more sensitive. Certain wallets linked to Binance allegedly sent over 300 million dollars before the attack and another 115 million afterward.

Financial flows in the crypto sector are becoming not just complex — they are becoming opaque at a level that clearly starts to worry regulators. The world’s largest crypto exchange is now under direct scrutiny, and this is unlikely to be a temporary measure: the accusations concern global security, not ordinary corporate violations.

This case raises a big question for the entire industry. How to track transactions that go through dozens of layers of anonymity? How to prevent the use of cryptocurrencies by terrorist groups if some operations occur outside of banking control? And what to do next if one of the key players in the industry becomes involved in such proceedings?

Ultimately, the situation around Binance once again shows that the crypto market no longer lives in a “gray zone” but becomes part of the international security system. And it is precisely such cases, where digital transfers intersect with geopolitics, that require special attention — which are further analyzed in detail in analytical reviews by NAnews — News of Israel | Nikk.Agency.