Israel Police Freeze Hamas-Linked Crypto Accounts at Binance
In the midst of escalating tensions between Israel and Hamas, the Israel Police have taken action to freeze cryptocurrency accounts held at Binance that were allegedly used by Hamas for fundraising purposes. The announcement was made on the Israel Police’s official social media account, stating that the Cyber Unit, in collaboration with other national intelligence agencies, successfully located and froze these accounts.
Hamas had launched an online fundraising campaign during the conflict, urging the public to deposit cryptocurrencies into their accounts. However, the Israel Police’s Cyber Unit acted swiftly in coordination with Binance to freeze these accounts and transfer the funds to the state treasury.
Barclays Bank Account Linked to Hamas Also Frozen
In addition to freezing crypto accounts, the Israel Police also revealed that they have frozen a bank account at Barclays Bank that was being used by Hamas. The police’s Cyber Unit worked alongside British authorities to locate and freeze this account, which had been publicly disclosed by Hamas for donation purposes.
The Israel Police, Ministry of Defense, and other partners are committed to combating terrorist financing and targeting the financial assets of terrorist organizations.
Hot Take: Israel Police Crack Down on Hamas’ Crypto Fundraising
The Israel Police have taken decisive action against Hamas by freezing their crypto accounts held at Binance and a bank account at Barclays Bank. This move comes as tensions between Israel and Hamas continue to escalate. By freezing these accounts, law enforcement aims to disrupt Hamas’ fundraising efforts and prevent them from using cryptocurrencies for their activities.
This action highlights how governments are increasingly recognizing the role of cryptocurrencies in illicit activities such as terrorist financing. It also emphasizes the importance of cooperation between law enforcement agencies and crypto exchanges in combating such threats.
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