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How rogue nations are capitalizing on gaps in crypto regulation to finance weapons programs

  • Written by Nolan Fahrenkopf, Research Fellow at Project on International Security, Commerce and Economic Statecraft, University at Albany, State University of New York

Two years after Hamas attacked Israel on Oct. 7, 2023, families of the victims filed suit against Binance, a major cryptocurrency platform that has been plagued by scandals.

In a Nov. 24, 2025, filing by representatives of more than 300 victims and family members, Binance and its former CEO – recently pardoned Changpeng Zhao – were...

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