Binance Faces $3B Terror-Financing Suit Under ATA/JASTA Rules

A 284-page complaint filed in North Dakota federal court targets Binance, CEO Changpeng Zhao, and exec Guangying Chen for allegedly facilitating funds used in the Oct. 7, 2023 Hamas attacks. The lawsuit invokes the Anti-Terrorism Act (ATA) and JASTA, seeking roughly $1 billion—tripling to $3 billion if plaintiffs succeed—based on claims that Binance knowingly provided “core infrastructure” enabling terrorist financing via off-chain transaction management, VIP exemptions, and inadequate AML/KYC controls.