Israeli law enforcement has ordered the freezing of multiple cryptocurrency accounts and the seizure of millions of dollars worth of cryptocurrencies in an effort to stem the flow of funds from Hamas.
People familiar with the matter said that since Hamas launched the attack on October 7, more than 100 accounts on the Binance platform have been closed. Authorities have also requested information on up to 200 additional crypto accounts, most of which are on the Binance platform.
Binance confirmed that it had banned a "small number" of accounts since the summer, adding that it "follows internationally recognized sanctions rules." The company declined further comment. (Financial Times)
According to previous news, Tether has currently assisted 31 institutions around the world in investigations in 19 jurisdictions, freezing assets totaling US$835 million. These assets are mainly related to theft (blockchain and exchange hacking), and a small amount related to related to other crimes. Among them, Tether froze 32 addresses worth $873,118.34 that were found to be related to illegal activities in Israel and Ukraine. Tether has been working with the Israeli NBCTF to combat crypto-funded terrorism and war.