Israeli authorities have collaborated with cryptocurrency exchange Binance to freeze several cryptocurrency accounts allegedly linked to the Palestinian militant group Hamas. This action is part of a global trend towards monitoring and regulating digital currencies to prevent their misuse for illicit activities. Hamas has been using cryptocurrencies to finance its activities as traditional financial channels have become more restricted. Israeli law enforcement agencies have not only frozen the accounts but also redirected the seized funds to the state treasury, aiming to disrupt the financial networks supporting terrorist activities. Binance has been actively cooperating with governments and law enforcement agencies worldwide to prevent the misuse of its platform. This move comes amid heightened tensions between Israel and Hamas, which escalated into full-blown warfare. In a separate incident, the US Commodities Futures and Trading Commission (CFTC) filed a lawsuit against Binance’s CEO, alleging that the company’s officers were aware of transactions linked to Hamas on their platform. Israeli authorities have seized approximately 190 Binance accounts suspected of being linked to terrorist groups since 2021. Binance has cooperated with Israeli authorities in dismantling a terrorism financing operation allegedly connected to Iran’s Quds Force and Hezbollah. The company has reiterated its commitment to fighting terror financing and ensuring the safety and security of the blockchain ecosystem and the global community.

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Information	Details
Geography	Global
Countries	🇮🇱
Sentiment	neutral
Relevance Score	0
People	None
Companies	Hamas, Quds Force, Israeli defense ministry, European Union, U.S. Commodities Futures and Trading Commission (CFTC), Hezbollah, intelligence agencies, Binance
Currencies	Bitcoin
Securities	None