- Israeli authorities ordered Binance to close hundreds of accounts linked to Hamas.
- Authorities seized crypto assets worth millions of dollars and closed several accounts.
- Binance closed several accounts and said to have adhered to international sanctions.
Amidst the ongoing Israel-Palestine war, Israeli authorities have closed dozens of cryptocurrency accounts and ordered crypto exchange Binance to close hundreds more, the Financial Times reported. The Israeli authorities claim cryptocurrencies have been an effective conduit for terrorism-related funding due to their anonymity.
Notably, Israeli law enforcement said it had seized millions of dollars in crypto assets intended as funding for the Palestinian Hamas group. Israel intensified its moves following the Hamas attack on the country. Now, the regulators want to cut off links between crypto markets and Hamas.
According to the report, sources close to the development said Israel has already asked Binance to close over 100 accounts on its platform since October 7. The authorities have also asked for information on up to 200 additional crypto accounts suspected to have links to Hamas.
The report mention…
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