Lawsuit Alleges Binance Facilitated Hamas Funding
Binance sued for allegedly aiding Hamas, enabling terrorism financing. Families seek damages, raising concerns about crypto exchanges' compliance and potential regulatory impact.

Binance sued for allegedly aiding Hamas, enabling terrorism financing. Families seek damages, raising concerns about crypto exchanges' compliance and potential regulatory impact.
It is undeniable that a substantial sum of crypto went into the funding of the Israel-Hamas war but what about the all-too-obvious Islamic Coin that raises more red than green flags?
Crypto funding is almost at a two-year low
Venture funding for web3 fell 80% in the first quarter of 2023 from the same quarter a year earlier, according to K33 Research.
In a new development, the venture capital arm of the largest global crypto exchange, Binance Labs, has made a foray into Web3 technology.
Genesis has spent the past several days seeking at least US$1 billion (S$1.4 billion) in fresh capital.
Reports have revealed that his lawyers have dropped him as a client.
DeFi protocols Aave and Lido have solicited retroactive funding from their decentralized autonomous organizations. Others still fall prey to attackers, such as New Free DAO earlier today.
Dragonfly, a well-established figure within the venture capital scene, will utilize the capital to invest in early- to mid-term projects within the crypto ecosystem.