Name: Oct. 7 hostage families sue Binance, saying it helped fund Hamas
Uploaded: 2025-11-26T03:07:52.891Z
Duration: 4 min 23 s
Description: The families of October 7th victims are suing crypto firm Binance, saying it helped smooth the transfer of more than a billion dollars to the accounts of Hamas and other terror groups.

The families of October 7th victims are suing crypto firm Binance, saying it helped smooth the transfer of more than a billion dollars to the accounts of Hamas and other terror groups.

North Dakota

Families of victims from the October 7th attack in Israel have filed a 284-page lawsuit in North Dakota against Binance, the world's largest cryptocurrency trading platform. The plaintiffs allege that Binance facilitated over a billion dollars in transfers to accounts linked to Hamas and other terrorist organizations, and continued to allow such transactions even after being notified of their nature.

The lawsuit includes hundreds of families, with 306 Americans among them, and cites the deaths and kidnappings of U.S. citizens during the attack. Plaintiffs argue that Binance's lack of regulation enabled terrorist financing, and they are calling for greater accountability and regulatory attention from U.S. authorities.

Oct. 7 hostage families sue Binance, saying it helped fund Hamas

Now to a developing story that we're looking at. Families of victims from that October 7th attack in Israel are now suing Binance. Binance is the world's largest cryptocurrency trading platform. Its founder was recently pardoned by President Trump. And now the families of those October 7th victims saying Binance helped smooth the transfer of more than a billion dollars to the accounts of Hamas and other terror groups behind the attacks. Scripps News National Correspondent Alex Miller is live in New York now with the latest. And Alex, what exactly does the lawsuit say? This is a very long lawsuit. 284 pages that explains what these plaintiffs believe was the facilitation of money to multiple foreign terrorist organizations. Not just Hamas, but also Hezbollah, the IRGC, which is Iran's military wing, as well as the Palestinian Islamic Jihad. Not only did they say that Binance facilitated the transfer to and from these accounts, but they also said in one statement that I want to show you that when they found out that these accounts existed, they continued to enable them, saying in part, when specific customers were designated or particular accounts were subject to seizure orders, Binance allowed those customers and accounts to shift the assets into other Binance accounts, thus negating the effect of any blocking or seizing of the accounts. Essentially, they let it continue even when they knew about it. This lawsuit, Del, is filed in North Dakota. You might be asking yourself why. In part, it is because they found multiple Hamas linked customers in North Dakota that executed multiple transactions. As I was looking at that suit, it includes hundreds of families. You talked to one of the plaintiffs. I'm curious, how are they reacting? Yes, 306 Americans among those families. Remember, 1,200 people killed on that day. More than three dozen of them were Americans. Twelve Americans taken hostage. Now, these families range from survivors to the families of those who were murdered. Hirsch Goldberg, Poland's family, his parents, his sisters are on this suit, as well as, if you remember, three-year-old Avigal Idan. She was kidnapped. Her six-year-old and nine-year-old siblings survived, watched their parents get murdered. They are also on this lawsuit, as is Ruby Chen. He is the father of the late Itay Chen. His remains returned just three weeks ago. I talked to him about adding his name and his family's name to this suit. Listen to what he said. That financial platform that was created with no type of regulations was used for terrorist activities. Now, the owners of that entity should be liable for that. 47 U.S. citizens were killed. And making sure that that does not happen again, that that platform is not used for the benefit of terrorist organizations wherever that might harm U.S. citizens. And when I spoke with Ruby, he said that this should really be a signal to Americans that you see this many people on a lawsuit, that this really could happen to anybody. He told me, you know, they've been in contact with the White House, both Biden and Trump administrations, throughout this entire ordeal. And he said he really hopes that the Department of Justice leans into this issue, particularly with finance. He says he wants to see more, I guess, attention from the Department of Justice that they take these kinds of issues very seriously. Alex, let's talk about the defendants, because as we've pointed out, this is not the first time they or Binance has been in trouble with the law. It's not, particularly the CEO of Binance. He was the co-founder and now he is the former CEO. And that is because he was already found guilty of money laundering. He served four months in prison for that. And after he got out of prison, he was pardoned by President Trump. I think it's also noteworthy that Trump's company that he co-founded with his sons, as well as his envoy, Steve Whitkoff, and his sons, they have done business with Binance that could amount to billions of dollars. Scripps News National correspondent Alex Miller for us live in New York. 300 names on that lawsuit. Alex, as always, we thank you.

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