Binance, a global cryptocurrency exchange, has initiated legal proceedings against the families of victims of Hamas’ October 7 attacks. The lawsuit centers on allegations that Binance facilitated the flow of cryptocurrency to Hamas, potentially aiding the organization’s activities. The White House stated that CZ, Binance’s CEO, was a victim of the Biden administration’s efforts to curtail crypto-related activity. Binance has denied any direct involvement and claims the situation was a result of misinterpretations of the administration’s policies. The lawsuit seeks compensation for damages suffered by the victims’ families.
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