Binance freezes over 100 accounts on Israeli police request: Financial Times

Binance, the world’s largest cryptocurrency exchange, froze over 100 accounts believed to be connected to the Palestinian militant group Hamas since Oct. 7, at the request of Israeli authorities, according to a Tuesday report from the Financial Times.

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Fast Fact

• Israeli law enforcement has requested information on 200 additional crypto accounts, most of which are on Binance, Financial Times reported, citing anonymous people familiar with the matter.

• The Israel Police cyber unit announced last Tuesday that it froze crypto accounts allegedly used by the Gaza-based Palestinian militant group Hamas for fundraising.

• The authorities said that Hamas launched a crypto fundraising campaign after the start of the recent conflict.

• Israel declared war on Hamas on Oct. 7 after the militant group carried out an attack in Israel, prompting a retaliation airstrike in Gaza.

• Israeli crypto firms launched an emergency crypto fund last Monday, to aid war-stricken citizens.

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