Hamas Crypto Accounts Frozen By Israeli Police, Cutting Off Terrorist Funding

Key Points:

• Hamas crypto accounts frozen by Israeli police to cut off terrorist funding on social media.
• Collaborative efforts with defense ministry, intelligence agencies, and Binance to target and shut down accounts.

Hamas crypto accounts frozen by Israeli police, shutting down terrorist funding on social media. Funds seized will go to the Israeli national treasury.

Israeli police have reportedly frozen cryptocurrency accounts associated with the Palestinian militant group Hamas. The cyber branch of Israel Police’s Lahav 433 unit has frozen the accounts in question, which Hamas had been using to raise funds on social media since Saturday.

Israeli Police Take Action

The police spokesperson’s unit confirmed the development, adding that Lahav 433 has also worked with the UK police to freeze an account in Barclays bank. The unit is collaborating with the Defense Ministry, Shin Bet, and other intelligence agencies to shut down cryptocurrency channels used by terrorist groups.

The report further stated that the Lahav 433 unit worked with the nation’s defense ministry, intelligence agencies, and Binance, a crypto exchange, to target the accounts. Any funds seized will reportedly go to the Israeli national treasury.

Hamas crypto accounts frozen by police follows a multi-pronged attack on Israel by Hamas over the weekend, which has escalated into an all-out war, with the former’s defense minister ordering a complete siege of the Palestinian enclave Gaza.

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