Israeli Authorities, Assisted by Binance, Freeze Cryptocurrency Accounts Tied to Hamas

In a recent development, Israeli law enforcement, in conjunction with Binance, has successfully frozen cryptocurrency accounts associated with the Palestinian militant organization, Hamas. The move comes amid heightened tensions in the region, triggered by a series of attacks by Hamas, resulting in a full-scale conflict.

The cyber division of Israel Police’s Lahav 433 unit collaborated with the defense ministry, intelligence agencies, and Binance to target the identified accounts, as detailed in an official press statement. Notably, any funds seized during this operation are slated to be directed to the Israeli national treasury.

This action builds on previous efforts, with Israeli authorities having seized approximately 190 Binance accounts allegedly linked to various terrorist groups since 2021. It’s worth mentioning that Binance has a track record of cooperation with Israeli authorities, notably assisting in dismantling a terrorism financing operation associated with Iran’s Quds Force and Hezbollah.

Binance has affirmed its commitment to combating terror financing, emphasizing proactive measures to ensure the safety and security of both the blockchain ecosystem and the global community. In response to these developments, a Binance spokesperson conveyed their team’s real-time, continuous efforts in supporting initiatives against terror financing over the past few days.