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

By: Nolan Fahrenkopf, University at Albany, State University of New York, The Conversation

Outlets: The Conversation

Published: December 16, 2025

Words: 1,566

Last Updated: 3 weeks, 5 days ago

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By Nolan Fahrenkopf, 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 accused of willfully ignoring anti-money-laundering and …

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