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Binance and Tether take action against Hamas-linked crypto accounts

An anonymous Binance employee emphasized the importance of tracing customers connected to each Hamas donation address. While Binance acknowledged its involvement, it only admitted to blocking a “small number” of accounts without providing specific details.

The Israeli government’s focus on cryptocurrencies has intensified following a severe Hamas assault from the Gaza Strip earlier this month. In June 2023, Israel confiscated millions in cryptocurrencies associated with Iran’s Quds Force and Hezbollah, an operation Defense Minister Yoav Gallant described as the first significant crypto seizure, with assistance from Mossad, military intelligence, and local law enforcement.

Simultaneously, Tether, known for the USDT stablecoin, has frozen over 30 addresses tied to illegal activities in Israel and Ukraine. The blocked addresses accumulated a total of $873,118. This action was taken in close collaboration with Israel’s National Bureau for Counter Terror Financing (NBCTF).

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Source: Cryptocurrency - investing.com

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