WASHINGTON, Nov. 26, 2024 — Last week, Sparacino PLLC filed an amended lawsuit on behalf of 535 clients against Binance Holdings Ltd., Binance.com, BAM Trading Services (d/b/a Binance.US), and Changpeng Zhao in the U.S. District Court for the Southern District of New York. These plaintiffs, victims of terrorist attacks (2017-2024), claim the defendants aided and abetted these attacks by knowingly facilitating the transfer of hundreds of millions of dollars in cryptocurrency to and from various terrorist groups, including the IRGC, Hezbollah, and ISIS.

Prior U.S. government actions against Binance and Zhao, including guilty pleas to sanctions violations and AML failures, resulted in a over $4 billion penalty—one of the largest corporate penalties in U.S. history—and a prison sentence for Zhao. The Department of Justice stated these actions threatened U.S. financial systems and national security.

The lawsuit alleges that the defendants’ disregard for AML/CTF and KYC requirements allowed terrorists to use the Binance cryptocurrency exchange to transfer funds. Blockchain analysis reportedly revealed numerous transactions between Binance and terrorist organizations; for instance, at least $56 million allegedly went to Hamas and $59 million to PIJ via Binance. The plaintiffs also assert that Binance illegally conspired with these terrorists.

Sparacino PLLC’s Managing Partner, Ryan Sparacino, stated that this lawsuit demonstrates their commitment to holding accountable corporate entities that enable terrorism.

The Amended Complaint in Troell, et al. v. Binance Holdings, et al. is available online at .

Media Contact: Hilary Lister,

SOURCE Sparacino PLLC