Israeli law enforcement has taken an urgent step in its fight against ‘terrorist’ financing, freezing cryptocurrency accounts associated with the Palestinian militant organization Hamas.

The action follows a multi-faceted attack by Hamas on Israel over the weekend, escalating tensions into an all-out war, prompting Israel’s defense minister to order a comprehensive blockade of the Gaza Strip.

The operation to freeze these cryptocurrency assets was executed by the cyber division of Israel Police’s Lahav 433 unit, in close collaboration with the country’s defense ministry, intelligence agencies, and Binance. The frozen funds will be channeled into the Israeli national treasury.

This move comes in the wake of a lawsuit filed against Binance’s CEO, Changpeng “CZ” Zhao, by the U.S. Commodities Futures and Trading Commission (CFTC) in March. The lawsuit alleged that the exchange was aware of “HAMAS transactions” taking place on its platform. Notably, Israeli authorities had previously taken action against approximately 190 Binance accounts, all with alleged links to various ‘terrorist’ groups, since 2021.

The Israeli government has been actively targeting Binance accounts since 2021, alleging ties to terrorist organizations, most notably Hamas and Daesh (ISIS). These accounts were purportedly associated with individuals affiliated with these groups.

Previously undisclosed documents from

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Author: Vince Dioquino

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