Families of Hamas hostages and victims in Israel have filed a lawsuit against Binance, a cryptocurrency exchange, for its alleged involvement in processing transactions involving the terrorist group as well as others operating in the area.

The complaint was filed on Wednesday in the U.S. District Court of the Southern District of New York. It was brought on behalf of United States Citizens who were killed, maimed, held hostage or injured in unspeakable terror acts perpetrated on October 7, 2023 by Hamas, and other terrorist organizations in the State of Israel.

In October, the Wall Street Journal reported , that Palestinian Islamic Jihad had received $93,000,000 in crypto from August 2021 to June 2023. Hamas, on the other hand, received approximately $41,000,000. Chainalysis stated in a post that these figures were probably “overstated”.

The plaintiffs who are also suing Iran, Syria and other jurisdictions accuse Binance of providing a clandestine funding tool that Binance intentionally hid from U.S. regulators. regulators.”

In the 10 days that followed the attack, which resulted in more than 1,000 fatalities and 250 hostages, more than 100 Binance accounts with suspected Hamas links were frozen on the request of Israeli law enforcer.

Binance didn’t immediately respond to CoinDesk’s request for a comment.

Read more: Bipartisan Bill to Combat Crypto Terrorist Financing Heads to U.S. Senate

Sheldon Reback is the editor.