Crypto Exchange Binance Freezes Hamas-Linked Accounts at Israeli Request
Binance, a cryptocurrency exchange, has complied with requests from Israeli law enforcement to freeze accounts connected to Hamas militants. In a WeChat post on October 10, co-founder Yi He stated that the freeze specifically targets Hamas and not the people of Palestine. He explained that since Hamas is recognized as a terrorist organization by the United Nations, banks and trading platforms must cooperate with freeze requests.
Freezing Hamas, Not Palestine
Yi He clarified that trading platforms cannot refuse these requests as Palestine has an organized government while Hamas is a local militant group. The freeze is aimed at Hamas, which poses a problem due to its killing of civilians. Yi He emphasized that the ban would not affect ordinary users or Palestinian civilians.
Hamas Crypto Accounts Frozen with Binance’s Help
According to local news outlet Calcalist, Israeli officials froze the crypto accounts of Hamas militants with assistance from Binance. Law enforcement alleged that these accounts were used by terrorists to gather funds related to warfare through social media platforms.
Hot Take: Binance Takes Action Against Terror Financing
Binance’s decision to freeze accounts linked to Hamas demonstrates its commitment to combatting terrorism financing. By complying with Israeli law enforcement requests, Binance shows its willingness to cooperate with authorities and prevent illicit activities in the crypto space. This action highlights the importance of regulatory compliance and responsible use of cryptocurrencies in maintaining the integrity of the industry.
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