In response to recent attacks by the Palestinian terror group Hamas, Israeli law enforcement has seized cryptocurrency accounts believed to be linked to the organization. It is alleged that Hamas used social media to acquire funds, which were then funneled into custodial wallets on Binance, the largest cryptocurrency exchange. The crackdown was carried out by the Lahav Cyber ​​Unit 433 in the Israel Police, with the participation of the National Headquarters for Economic Combating Terrorism and the Shin Bet. The amount of crypto or total accounts seized has not been disclosed. This seizure is significant as it was done with the support of Binance, which has faced crackdowns and allegations of violations by authorities. The exchange has been accused of tolerating small amounts of crypto transactions by Hamas in the past. The confiscation of assets highlights the importance of safe crypto practices for terror outfits. Other terror groups, such as Hezbollah and Iran’s Quds Force, have also relied on crypto donations for financing their activities. The use of cryptocurrencies in terror financing continues to be a global concern.

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Information	Details
Geography	Global
Countries	🇮🇱 🇺🇸
Sentiment	neutral
Relevance Score	0
People	None
Companies	Hamas, National Headquarters for Economic Combating Terrorism (MTL), Shin Bet, Lahav Cyber ​​Unit 433, Binance
Currencies	Bitcoin
Securities	None