Israel and Binance join forces to freeze crypto accounts linked to Hamas
Cracking down on terror financing
Hamas’s venture into the world of crypto fundraising dates back to February 2019 when they first sought digital donations as a means to circumvent international sanctions. In May 2022, Israeli authorities had already taken action against nearly 190 crypto accounts on Binance. Additionally, many of these belonged to Palestinian firms linked to Hamas.
Israel-Palestine turns into a Warzone
On 7 October. Palestinian militant groups, primarily led by Hamas, initiated a significant invasion of Israel from the Gaza Strip, termed “Operation al-Aqsa Flood.” Israel responded with a formal declaration of war, launching “Operation Iron Swords.” The conflict began with rocket attacks, border breaches, and incursions into Israel, resulting in casualties and hostage situations. Israel retaliated with airstrikes in Gaza, leading to civilian casualties and displacements.
