On Tuesday, the Israel Police cyber unit known as Lahav 443 announced that it had taken action to block cryptocurrency accounts that were suspected to be utilized by the Gaza-based Palestinian militant organization Hamas for collecting funds as reported by the local media outlet Calcalist.
The Israeli Police’s cyber division worked with the defense ministry, intelligence agencies, and the cryptocurrency exchange Binance to identify and take action against these accounts. Any funds seized during this operation will be directed to the Israeli national treasury.
Back in March, the U.S. Commodities Futures and Trading Commission (CFTC) filed a lawsuit against Binance’s CEO, Changpeng “CZ” Zhao. The lawsuit alleged that Binance executives were aware of transactions involving the group HAMAS on their platform.
Before this recent action, Israeli authorities had already taken control of about 190 Binance accounts suspected of having ties to terrorist organizations since 2021.
