More than 300 American families sue a certain exchange, accusing it of providing trading services to Hamas
ChainCatcher news, according to Decrypt, a certain exchange is facing a new lawsuit accusing the exchange of creating a system that allowed cryptocurrency transactions related to Hamas between 2017 and 2023.
The lawsuit was filed in federal court in North Dakota by more than 300 American families who were killed or injured in Hamas attacks. The plaintiffs allege that the exchange's corporate structure and compliance practices allowed users associated with terrorist organizations to transfer funds through this centralized cryptocurrency exchange. The lawsuit claims that the exchange lacked adequate controls, including weak customer verification, omnibus wallets that mixed assets, and internal communication practices that limited oversight. The plaintiffs' attorneys stated that the exchange not only deliberately provided financial services to Hamas, but also actively sought to protect its Hamas clients and their funds from scrutiny by U.S. regulators or law enforcement agencies.
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