Islamic Revolutionary Guard Corps

Nov. 25 (UPI) — The families of hundreds of U.S. citizens killed or injured by Hamas on Oct. 7, 2023, accuse cryptocurrency exchange Binance of supporting terrorism.

The families of 306 U.S. citizens harmed or killed during the attack filed a 272-page federal lawsuit in the U.S. District Court of North Dakota on Monday.

They say Malta-based Binance marketed its services to “terrorist organizations, narcotics traffickers and tax evaders” by emphasizing that Binance is “beyond the reach of any single country’s laws or regulations,” the lawsuit says, as reported by The New York Times.

The plaintiff families accused Binance of conducting transactions that totaled more than $1 billion on behalf of Hamas and other terrorist organizations.

Binance officials handled the transactions despite being warned of potential illegality by its compliance vendors and did not use common security checks, according to the lawsuit.

The plaintiffs also claim Binance willfully handled at least $50 million in transactions for Hamas, Hezbollah, the Islamic Revolutionary Guard Corps of Iran, the Palestinian Islamic Jihad and other terrorist organizations after the Oct. 7, 2023, attack on Israeli civilians that killed 1,200 and kidnapped 254 others.

The lawsuit was filed a month after President Donald Trump pardoned Binance founder Changpeng Zhao after he earlier pleaded guilty to money laundering charges, according to CNBC.

Zhao is named as a defendant in the lawsuit, along with Guangying Chen and Binance Holdings Ltd., who are accused of intentionally creating Binance to serve as a “criminal enterprise to facilitate money laundering on a global scale.”

The plaintiffs say the Binance officials knew Hamas and other designated foreign terrorist organizations regularly used the cryptoexchange and actively assisted them “at a time when Hamas, in particular, was publicly directing its donors to send funds” to its Binance cryptowallets.

Binance officials also disregarded filing required suspicious activity reports and manipulated how qualifying transactions were reported to prevent any scrutiny by U.S. banking regulators, the plaintiffs argue.

Binance “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,” the plaintiff families say.

The plaintiffs seek compensatory damages in amounts to be determined at trial, treble damages due to alleged international terrorism-related activities, legal costs and other damages.

Binance officials told UPI they are aware of the federal complaint but cannot comment on active litigation.

The crypto exchange said it fully complies with internationally recognized sanctions laws and in 2025 had a direct exposure to illicit flows of less than 0.02% of platform volume, which it said is significantly below the industry average.

“We have invested hundreds of millions of dollars, expanded our global compliance-related workforce to over 1,280 specialists (22% of our entire workforce), and built real-time intelligence-sharing partnerships with law enforcement worldwide,” Binance said.

“We remain steadfast in our commitment to working with regulators, law enforcement and our users to protect the integrity of the global digital-asset ecosystem.”

Nov. 21 (UPI) — The United States has sanctioned dozens of individuals, entities, vessels and aircraft accused of participating in Iran’s oil-shipping networks, as the Trump administration continues to squeeze the Islamic nation with its reinstated maximum pressure campaign.

The State Department said Thursday it was adding 17 names of companies people and vessels to its sanctions list, while the Treasury said it was adding 41.

“The United States remains committed to disrupting the illicit funding streams that finance all aspects of Iran’s malign activities,” State Department spokesman Thomas Pigott said in a statement.

“As long as Iran devotes revenue to funding attacks against the United States and our allies, supporting terrorism around the world and pursuing other destabilizing actions, we will use all the tools at our disposal to hold the regime accountable.”

In February, President Donald Trump reinstated his maximum pressure campaign of sanctions and other punitive economic measures against Iran from his first administration to force Iran to return to the negotiating table on a new deal aimed at preventing Tehran from securing a nuclear weapon.

Since reinstating the policy, Trump has repeatedly imposed sanctions targeting Iran, specifically its illicit oil trade, which funds its military forces.

The Treasury said it was sanctioning an additional six vessels of Tehran’s shadow fleet of oil tankers that export energy products. It also blacklisted Mahan Air, which works closely with the Islamic Revolutionary Guard Corps-Qods Force, the Iranian military’s specialized elite unit that oversees international operations and funds proxy militias, such as Hamas and Hezbollah.

The State Department said its sanctioned targets were located in several countries, including India, panama and the Seychelles, among others.

The sanctions freeze all property of the named companies and individuals in the United States and bar U.S. persons from doing business with them.

“Today’s action continues Treasury’s campaign to cut off funding for the Iranian regime’s development of nuclear weapons and support of terrorist proxies,” Treasury Secretary Scott Bessent said in a statement.

“Disrupting the Iranian regime’s revenue is critical to helping curb its nuclear ambitions.”

Nov. 15 (UPI) — Iran’s Islamic Revolutionary Guard Corps confirmed Saturday that it has seized a fuel tanker bound for Singapore from the United Arab Emirates.

The IRGC Navy said in a statement the Talara was carrying 30,000 tons of petrochemicals and had been monitoring it after a court ordered the ship’s seizure on Friday morning, according to IRNA, Iran’s official government news agency.

The “unauthorized cargo” — high-sulphur gas oil, which is used to fuel ships and other marine vessels — led three small surface vessels to intercept the Talara has it sailed south through the Strait of Hormuz, Al Jazeera and the BBC reported.

“This operation was carried out successfully in accordance with legal duties and for the purpose of safeguarding the national interests and resources of the Islamic Republic of Iran and under the orders of judicial authorities,” the IRGC Navy said.

Talara’s Cyprus-based owner, Columbia Shipmanagement Ltd. operates the tanker, and its cargo and that it has lost contact with the vessel, according to Al Jazeera.

U.S. Central Command officials on Friday said they are aware of the ship’s seizure and are “actively monitoring” the matter, the New York Times reported.

“Commercial vessels are entitled to largely unimpeded rights of navigation,” the Central Command officials added.

Iran has seized other tankers while often accusing them of carrying illicit cargo, intruding in Iranian waters or in retaliation for the seizure of an Iranian vessel.

Iranian officials have threatened to close shipping in the Strait of Hormuz, which is a narrow strait extending for 90 miles and connecting the Gulf of Oman and the Persian Gulf.

A fourth of the world’s oil and a fifth of its liquefied natural gas are shipped through the waterway.

The U.S. Navy’s Fifth Fleet patrols the area to help protect commercial shipping.