Israeli authorities reportedly “situated and froze” cryptocurrency accounts belonging to the Hamas group with help from Binance, native media outlet Calcalist reported on Oct. 10.
As per the report, Israel’s Lahav 433 police unit collaborated with the nation’s protection ministry and different intelligence companies to trace the group’s cryptocurrency fundraising accounts, and the seized funds have been subsequently transferred to the state treasury.
The whole quantity of cryptocurrency seized from these wallets was not disclosed.
In the meantime, this isn’t the primary time the Israeli authorities have seized crypto-related accounts of the Hamas group. In April, the authorities seized 190 Binance accounts with ties to the Islamic terrorist teams since 2021.
Earlier than that, Israel seized a minimum of $33,500 and $750,000 of cryptocurrency from Hamas-linked crypto wallets
Over the weekend, the Hamas group attacked Israel, leading to a number of losses of lives and properties. In response, Israel’s Prime Minister, Benjamin Netanyahu, stated the nation was in a conflict to make sure its survival. He in contrast the Hamas group assault with these of the Islamic terrorist group, Islamic State (ISIS).
The U.S. Commodities Futures and Buying and selling Fee (CFTC) costs, relationship again to March, recommend that Binance executives have been engaged in deliberate discussions and approvals of transactions related to Hamas.
Binance has but to answer CryptoSlate’s request for touch upon its position within the seizure as of press time.
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