Israeli police seize crypto accounts linked to Hamas financing
Amid the escalation of the Hamas-Israel war, the cryptocurrency market has turned its eyes to the Middle East’s secular conflicts, while humanity suffers from war crimes and the number of reported victims continues to increase. In this context, the Israeli police were able to freeze and seize crypto accounts on Binance, supposedly linked to Hamas on October 10, according to a local media outlet. As reported, the cyber arm of Israel Police’s Lahav 433 unit worked with the country’s defense ministry, intelligence agencies, and Binance to identify and freeze the crypto accounts they allege were being used to finance Hamas’ terror. Additionally, any funds seized will be kept by the Israeli national treasury, per an official announcement. Hamas-Israel escalation, financing, and crypto seizures Notably, the United States Commodities Futures and Trading Commission (CFTC) filed a lawsuit against Changpeng Zhao (CZ), CEO at Binance, in March 2023 related to accusations of allowing the...