After Hamas’ attack, authorities in Israel ordered the closure of dozens of cryptocurrency accounts and seized millions of dollars of cryptocurrency.
According to information provided by the Financial Times, since the attack by Hamas on October 7, the world’s largest cryptocurrency exchange, Binance, has been closed. More than 100 accounts were closed.
Officials in Israel also said that most of them were on Binance. Request information about up to 200 cryptocurrency accounts found.
Speaking about the issue, Binance officials said that the stock market has increased in recent weeks. “a small amount of” to account “that you blocked” stating that as a company “complies with internationally recognized sanctions rules” added.
Speaking to the FT, an Israeli National Cyber Security Directorate official said:
“In this period of war, cryptocurrencies pose a big problem in terms of terrorist financing because there is no other option. “There has been a huge increase in cryptocurrency funds since the attacks began.”
Authorities in Israel have identified nearly 150 fundraisers linked to Hamas and other organizations since October 7. Israeli police stated in their statement last week that some addresses used by Hamas to collect money were frozen.