Israeli authorities have ordered the blocking of Binance accounts linked to the Hamas.
This was reported by the nearby information company. Calcalist The Israeli police not long ago ordered the freezing of cryptocurrency accounts linked to the Palestinian Muslim organization Hamas.
Media around the world are focused on the conflict between the Islamic movement Hamas in the Gaza Strip and Israel. Following the attack on southern Israel on October 7, the country, with a background of persistent hostility towards Hamas, reacted violently against Gaza.
Israel's Defense Minister also announced power, food and fuel cuts for more than two million Palestinians residing there. As of October 10 (local time), the fighting has claimed the lives of more than 1,500 Israelis and Palestinians.
Additionally, the Israeli police's Lahav 433 National Investigation Agency also coordinated with the Ministry of Defense, the Intelligence Department, and cryptocurrency exchange Binance to confirm and block accounts connected to Hamas. Officials said all confiscated revenue would be returned to the national treasury.
As reported by Coinlive , cryptocurrency is a preferred type of fundraising, which not only offers help to the men and women of Israel but is also preferred in Gaza. Since the fighting broke out, quite a few Arab charities have posted their crypto wallet addresses on social media to solicit donations for the men and women of Gaza. This is the crucial point that the Israeli government needs to clarify about the romance between crypto addresses soliciting donations and Hamas.
In the past, the Islamic movement Hamas asked for donations in Bitcoin , or essentially cryptocurrencies , to counter Israel's sanctions and monetary isolation. On the contrary, the Israeli government also once confiscated 190 Binance accounts that have been linked to these freedom fighter groups as of 2021.
Rotation Complaint filed by the US Futures Trading Commission (CFTC) Focusing on Binance and CEO Changpeng Zhao in March 2023, containing internal messages showing that the exchange processed transactions for numerous organizations listed as terrorist by the USA, such as Hamas, and that platform coverage of the black industry is prohibited.