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Israel seizes Hamas cryptocurrency accounts with the assistance of Binance

Andrew by Andrew
October 10, 2023
in Finance
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Israel Seizes Hamas Cryptocurrency Accounts With The Assistance Of Binance 65257Ea217E22
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Cryptocurrency Accounts Linked to Palestinian Group Hamas Stopped by Israeli police, according to a local news report.

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Israel’s defense chief mandated a complete blockade of the Palestinian territory, Gaza, following attacks on Israel by Hamas last weekend, escalating into a full-scale conflict, local news source Calcalist reported Tuesday, citing an official announcement. Is.

Collaborative efforts between the Israel Police’s Lahav 433 digital division and the country’s Defense Ministry, intelligence sectors, and cryptocurrency platform Binance were instrumental in pinpointing the accounts in focus. The report further stated that the seized funds would be remitted to Israel’s national treasury.

In light of these developments, it is worth paying attention to Benzinga’s upcoming Future of Digital Assets conference on November 14, which will shed light on the complex dynamics of the digital currency world.

Also read: DOJ urges judge to throw Sam Bankman-Fried’s Anthropic AI investment assessment out of trial

Earlier in March, the US Commodities Futures and Trading Commission (CFTC) initiated legal proceedings against the head of Binance. Changpeng ZhaoStating that company officials were aware of “HAMAS transactions” on their platform.

Since 2021, Israeli authorities have taken control of approximately 190 Binance accounts suspected of being linked to terrorist organizations.

Asked for comment, a Binance spokesperson told Benzinga that the data it uses to pinpoint individuals, addresses and infrastructure associated with specific organizations is provided by law enforcement and investigative tools it develops. Generated from intelligence gathered.

“For the past few days, our team has been working in real-time, around the clock, to support ongoing efforts to combat terror financing. We are working hard to ensure the security of not only the blockchain ecosystem, but also the global community. , through our proactive work,” the spokesperson said.

Read Next: Komenu Gets Approval for UK Crypto Register: Crypto Custody Goes Mainstream

Meet and connect with change makers Digital Assets and Crypto Business leaders and investors at Benzinga’s special event – future of digital assets, Tickets are flying – get yours,

Photo: Shutterstock

Source: www.benzinga.com

Andrew

Andrew

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