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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