Amidst the turmoil of conflict, Israel has aggressively moved to choke off cryptocurrency funding channels used by militant group Hamas.
Keypoints
- Israel has ordered over 100 cryptocurrency accounts on Binance to be frozen since Hamas began attacks on Israel on October 7.
- Authorities have requested information on up to 200 additional crypto accounts, most held on Binance.
- This is part of efforts to cut funding links between crypto markets and Hamas. Numerous crypto donation drives for Hamas-linked groups were identified after the attacks began.
- In the past, US regulators have alleged Binance held funds connected to Hamas.
- Israel has been tracking suspicious crypto accounts for terror financing for years, but the scale has expanded dramatically after the latest Hamas attacks.
Authorities confirmed over 100 crypto accounts on leading exchange Binance have been frozen since fighting erupted on October 7th. They have also requested details on…
