Crypto exchange Binance has complied with requests from Israeli law enforcement to freeze accounts linked to Hamas militants. The freeze specifically targets Hamas and not the people of Palestine, according to Yi He, co-founder of Binance. He explained that Hamas is designated as a terrorist organization by the United Nations, and therefore, banks and trading platforms must cooperate with freeze requests. The freeze is aimed at Hamas, not Palestine as a whole. Israeli officials claim that the militants used the accounts to collect war-related funding through social media. However, ordinary users, including Palestinian civilians, will not be affected by the ban. In a separate development, the Web3 community in Israel launched a charity campaign called “Crypto Aid Israel” to support Israeli civilians affected by the ongoing conflict. The initiative has received nearly $50,000 in crypto donations so far.

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Information	Details
Geography	Asia
Countries	🇮🇱
Sentiment	neutral
Relevance Score	0
People	Yi He
Companies	Hamas, Web3 community, Calcalist, United Nations, Binance
Currencies	Bitcoin, Tether, Ethereum
Securities	None