Why the Latest Binance Lawsuit Is More Dangerous Than Any Regulator

A lawsuit against Binance is testing the extent to which crypto platforms can be held liable for real-world harm. Filed by families of victims of the October 2023 attacks against Israel, it arrives amid continued backlash over the recent presidential pardon of founder Changpeng Zhao (CZ). More than a new legal headache, the lawsuit is being watched as a potential blueprint for a shift from regulatory fines to high-stakes private liability tied to terrorism financing. Terror Financing Claims Hit Binance The case, brought by more than 70 families in a US federal court last week, accuses Binance of knowingly enabling transactions for Hamas, Hezbollah, Iran’s Islamic Revolutionary Guard Corps, and other US-designated terrorist groups source: https://beincrypto.com/binance-lawsuit-new-crypto-liability/