This Tuesday, in a report by the news outlet specialized in Israel, Jewish News Syndicate (JNS), it was reported that the National Cyber Crime Unit together with the Lahav 433 coordinating organization of the Israel Police, popularly known as the “Israeli FBI ”, in collaboration with Binance, they froze multiple cryptocurrency accounts linked to the terrorist group Hamas and also an additional account at the British bank Barclays.
This action by the Israel Police with the Binance crypto exchange has been carried out after this Saturday members of the terrorist organization Hamas carried out an action against that country, which led to attacks in several cities in the south of the Hebrew nation…
These attacks left a huge toll of human losses estimated so far at more than 1,200 people, including civilians and soldiers, which has been the trigger for the government of that country to declare a state of war over the weekend.
In a post on the social network “, has successfully frozen cryptocurrency accounts used by Hamas to raise funds for its activities .”
The Israel Police also worked together with the National Headquarters for the Fight against Economic Terrorism of the Ministry of Defense, the Israel Security Agency (Shin Bet), and other intelligence agencies to confiscate the crypto assets, as well as to locate other cryptocurrency accounts used to fund additional attacks.
In the thread on the social network in order to deposit donation funds.”
He adds: “The Israel Police, the Ministry of Defense, and other partners will continue the fight against the financing of terrorism and attack the strategic financial assets of terrorist organizations.”
This action is one more of the measures taken by the Israeli government against the terrorist group after the attacks carried out last Saturday. According to the information released by the police, the Binance crypto exchange helped Israeli authorities locate and deactivate associated accounts within the platform.
Speaking to the cryptocurrency and blockchain trading and investment media Todayq.com, a Binance spokesperson stated: “ We are committed to supporting the security of the blockchain ecosystem and the global community through our proactive work .”
These seized accounts had apparently been created by Hamas and have been actively used to raise funds and support terrorist organizations through multiple social media platforms since Saturday. It is still unknown if the person responsible for said bank account has been arrested or if she will face charges from the British justice system.
At the same time, in a separate operation by the Israel Police Cyber Unit in collaboration with the British police, an account at Barclays Bank in the United Kingdom was also frozen, which was also being used to collect donations for the same reason.
However, this is not the first time that a terrorist organization has used cryptocurrency payments to finance its activities. And in 2019, Hamas requested cryptocurrency donations to avoid international sanctions after being declared a terrorist organization.
Also in a separate Reuters investigation, as of 2021, Israeli authorities noted that they managed to seize more than 190 Binance accounts, most of which belonged to Palestinian companies with affiliations to Hamas.
At the end of June of this year, the blockchain analysis company Chainalysis reported that Israeli authorities had seized a sum of 1.7 million dollars in crypto assets, belonging to Hezbollah and the Iranian Quds Force.
This unprecedented anti-terrorist operation, in which Chainalysis participated jointly with the Israeli Ministries of Defense and Justice, as well as other intelligence agencies of that country, managed to disrupt the terrorist financing infrastructure based on cryptocurrencies, according to a statement by the National Office of Israel Counter Terrorist Financing (NBCTF).
On the other hand, after the events that occurred this weekend after the Hamas attacks on Israel, a charity campaign called Crypto Aid Israel was created this Monday, in which a group of Israeli blockchain companies participated.
Companies such as Blockchain B7, CryptoJungle, DLT Law, Efficient Frontier, Ironblocks, Fireblocks, MarketAcross, Nilos, Node. Capital, Orbs, Poolz Finance, Wonderland, Zengo, and the Israeli Blockchain Association, among others, are involved in this charity campaign. to the initiative.
The Crypto Aid Israel campaign, a humanitarian fundraising effort, seeks cryptocurrency donations for Israeli citizens following this weekend’s attacks by the Hamas terrorist group.
According to the promoters of this campaign, its objective is none other than to help “ displaced citizens who need humanitarian aid .” This includes raising money to provide food, shelter, hygiene, and medical products to affected citizens.
The funds raised in the Crypto Aid Israel campaign are hosted in a multi-signature wallet to collect donations, which can be made with bitcoin (BTC), ether (ETH), USDT, USDC, and others.
