Top global crypto exchange Binance has reportedly closed over 100 accounts in response to Hamas’ recent attack on Israel. Israeli law enforcement agencies ordered the closures and seized millions worth of crypto in an effort to cut funding to the Palestinian Islamist group. Hamas had previously urged its supporters to send Bitcoin to evade US sanctions. Israeli authorities have also requested information on around 200 additional crypto accounts, with the majority of them being set up on Binance. The exchange confirmed that it had blocked a small number of accounts. In a separate development, Tether, the issuer of the stablecoin USDT, announced that it had frozen 32 addresses linked to terrorism and warfare in Israel and Ukraine, containing over $870,000. Tether’s CEO argues that crypto is not a tool for criminals and emphasizes the company’s commitment to promoting responsible blockchain technology use and collaborating with law enforcement agencies for global security and financial integrity.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Middle East |
| Countries | 🇮🇱 🇺🇦 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None |
| Companies | Hamas, Binance, Financial Times, USDT, Tether |
| Currencies | Bitcoin, Tether |
| Securities | None |
