With Binance’s help, Israel has frozen cryptocurrency accounts linked to the Palestinian terror group Hamas. Although it’s unclear how many accounts were frozen, Israel had previously frozen over 190 other Binance accounts linked to the terror organization.
Israel Police’s Lahav 433 unit, in collaboration with the nation’s defense ministry, intelligence agencies, and crypto exchange Binance, targeted the affected accounts. Any confiscated funds will be directed to the Israeli national treasury.
In March, the U.S. Commodities Futures and Trading Commission (CFTC) filed a lawsuit against Binance’s CEO, Changpeng “CZ” Zhao, alleging awareness of “HAMAS transactions” on the platform. Israeli authorities have previously seized about 190 Binance accounts associated with terrorist groups since 2021. In June, Binance cooperated with Israeli authorities to dismantle a “terrorism financing operation” connected to Iran’s Quds Force and Hezbollah.
A Binance spokesperson conveyed their ongoing commitment to combating terror financing and ensuring global community safety through proactive measures.
The Hamas terror organization has received over 40 million in crypto assets from 2021 to June of this year, according to BitOK, a crypto analytics firm.