More than 300 American families have filed a lawsuit against Binance in a federal court in North Dakota. The plaintiffs allege that the exchange created a system that allowed cryptocurrency transactions associated with Hamas. The lawsuit claims that Binance's compliance practices were insufficient, effectively aiding terrorist funding operations. The Block further reports that the complaint specifically accuses the exchange of "knowingly facilitating" activities for Hamas, despite previous settlements and regulatory actions aimed at curbing such illicit flows. This legal development introduces further scrutiny on the exchange's compliance history, potentially impacting its operational landscape as it navigates ongoing regulatory challenges. [Update 1] New reports clarify that the lawsuit alleges Binance "knowingly facilitated" transactions for Hamas, adding weight to the claims made by the plaintiffs.