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Top global crypto exchange Binance has reportedly closed more than 100 accounts in response to Hamas\u2019 deadly attack on Israel earlier this month.<\/p>\n
According to a recent report<\/a> from the Financial Times, which cited \u201cpeople directly familiar with Israel\u2019s enforcement actions,\u201d Israeli law enforcement agencies ordered the closures and seized millions worth of crypto in an effort to cut funding to the Palestinian Islamist group.<\/p>\n Hamas has previously asked<\/a> its supporters to send Bitcoin (BTC<\/a>) in an effort to evade US sanctions.<\/p>\n The FT\u2019s sources also reported that Israeli authorities have asked for info on up to 200 additional crypto accounts. The majority of those accounts were also reportedly set up on Binance.<\/p>\n Binance confirmed in a statement to the FT that it had blocked \u201ca small number\u201d of accounts.<\/p>\n On Monday, Tether, the issuer of the top stablecoin USDT<\/a>, announced that it had frozen 32 addresses \u201clinked to terrorism and warfare in Israel and Ukraine.\u201d The addresses reportedly contained more than $870,000.<\/p>\n Tether CEO Paolo Ardoino argues<\/a> that crypto isn\u2019t a tool for criminals.<\/p>\n \u201cTether remains committed to promoting responsible blockchain technology use and standing as a robust defense against cybercrime. We eagerly anticipate continued collaboration with global law enforcement agencies as part of our commitment to global security and financial integrity.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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