In response to the October 7 attacks by Hamas, Israeli law enforcement has frozen more than 100 accounts on Binance, according to a report by the Financial Times. The move aims to disrupt funding channels for the Palestinian militant group responsible for recent hostilities.
Sources familiar with the matter revealed that authorities have also sought information on an additional 200 crypto accounts, with a majority held on the Binance platform. Since the recent surge in tensions, law enforcement agencies in Israel have collaborated with the public and cryptocurrency firms to impede financial flows to the designated terrorist organization.
Binance, in cooperation with Israeli authorities, confirmed last week that it is actively working to block funds associated with terror financing. While acknowledging the freezing of a “small number” of accounts, the exact figure was not disclosed by the exchange.
In response to the developments, a Binance spokesperson emphasized the platform’s adherence to internationally recognized sanctions rules. The spokesperson conveyed the company’s commitment to blocking accounts linked to illicit funds and expressed hope for a swift and peaceful resolution to the conflict.
The Financial Times report also quoted an anonymous Binance employee, highlighting the company’s efforts to identify customers exposed to addresses published by Hamas for soliciting donations. This proactive approach aims to strengthen measures against potential channels of terror financing.
