Leading global crypto exchange Binance has reportedly closed more than 100 accounts in response to Hamas’ deadly attack on Israel earlier this month.
According to a recent report from the Financial Times, which cited “people directly familiar with Israel’s enforcement actions,” Israeli law enforcement agencies ordered the shutdowns and seized millions in cryptocurrency in an effort to cut funding to the Palestinian Islamist group.
Hamas has previously asked its supporters to send Bitcoin (BTC) in an attempt to circumvent US sanctions.
The FT’s sources also reported that Israeli authorities have requested information on up to 200 additional crypto accounts. The majority of these accounts were also reportedly set up on Binance.
Binance confirmed in a statement to the FT that it had blocked “a small number” of accounts.
On Monday, Tether, the issuer of the main stablecoin USDT, announced that it had frozen 32 addresses “related to terrorism and warfare in Israel and Ukraine.” The addresses reportedly contained more than $870,000.
Tether CEO Paolo Ardoino argues that crypto is not a tool for criminals.
“Tether remains committed to promoting responsible use of blockchain technology and stands as a robust defense against cybercrime. We eagerly look forward to continuing to work with global law enforcement agencies as part of our commitment to global security and financial integrity.”
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