**DOJ vs. Victims of Terrorism Legal Battle: Binance’s Money Up for Grabs!**

Four individuals have sued the U.S. Department of Justice (DOJ), demanding that more funds from its $4.3 billion settlement with Binance go into the Victims of State-Sponsored Terrorism Fund (USVSST).

- They argue that the Victims of State-Sponsored Terrorism Act of 2015 requires all criminal proceeds and two-thirds of civil proceeds from such settlements go to the victims’ fund.

- The DOJ has only contributed less than $900 million to the fund, and allegedly plans to divert at least $1.5 billion to a separate reserve for victims of crime. 🧐

The USVSST fund has distributed more than $6 billion in the past nine years to victims or their representatives affected by state-sponsored terror attacks.

- The lawsuit also names several high-profile defendants, including the CFTC and U.S. Attorney General Merrick Garland, as well as several Treasury Department agencies such as FinCEN and OFAC.

The money comes from a November 2023 settlement between Binance and several federal agencies after Binance pleaded guilty to a series of charges, including violating U.S. sanctions and failing to implement anti-money laundering controls.

- Former Binance CEO Changpeng Zhao (CZ) pleaded guilty to violating the Bank Secrecy Act and was fined $50 million and sentenced to four months in prison.

What do you think? Should the DOJ follow suit or is there another side to the story? Let us know in the comments!