Families of victims from the October 7th, 2023, Hamas attacks in Israel are suing Binance, alleging the crypto exchange knowingly processed hundreds of millions of dollars for terrorist groups.

The lawsuit, filed in a United States court, describes Binance as a deliberately designed “criminal enterprise” and names its founder, Changpeng “CZ” Zhao, who was recently pardoned by former President Donald Trump after a money laundering conviction.

“Years before October 7, Binance knew that Hamas, the [Islamic Revolutionary Guard Corps of Iran], Hezbollah, [Palestinian Islamic Jihad] and other terrorist organizations were all transacting regularly on its platform and nevertheless actively assisted their use of the platform,” the plaintiffs allege.

“It did so at a time when Hamas, in particular, was publicly directing its donors to send funds to so-called ‘crypto wallets’ held with Binance,” they allege.

The lawsuit alleges that Binance deliberately manipulated its reporting of these transactions to avoid scrutiny, bypassing its legal obligation to file Suspicious Activity Reports with the U.S. government on the terror groups’ activities.

“Binance not only knowingly provided financial services to Hamas; it actively tried to shield its Hamas customers and their funds from scrutiny by U.S. regulators or law enforcement—a practice that continues to this day,” according to the lawsuit.

Binance declined to comment on the specific lawsuit but stated it fully complies with international sanctions and has undergone a “wide-ranging transformation” of its sanctions framework.