The Israeli Police have taken action to freeze cryptocurrency accounts on the Binance platform that are allegedly tied to Hamas amid rising tensions between Israel and the militant group. Furthermore, an account linked to Hamas at Barclays Bank has also been immobilized by the Israeli authorities.
Suspension of Binance Accounts Associated with Hamas
On Tuesday, the official social media account of the Israeli Police reported that they have successfully suspended cryptocurrency accounts at Binance believed to be connected to Hamas. This development comes at a time when the Palestinian militant organization is in a state of armed conflict with Israel. The announcement provides further details:
The Cyber Unit of the Israeli Police, in partnership with the Ministry of Defense, the Israel Security Agency, and multiple national intelligence organizations, has effectively halted the cryptocurrency accounts that Hamas had been using to generate funds for their operations.
A subsequent statement, translated from Hebrew by Google, from the Israeli Police’s cyber unit, known as Lahav 433, confirmed the suspension of cryptocurrency accounts that Hamas had been using to solicit donations via social media platforms. According to the authorities, subsequent to the onset of hostilities, Hamas initiated a digital fundraising campaign, inviting the public to contribute cryptocurrencies to its coffers. The statement goes on to add:
Officers from the Police Cyber Unit and the National Headquarters for Economic Warfare promptly located these accounts and, with the cooperation of the Binance cryptocurrency exchange, froze them. The intention is to redirect these frozen assets to the state treasury.
Additional Measures Against Hamas Financing
In a coordinated move, the Israeli Police also announced the freezing of a Hamas-affiliated account at Barclays Bank in the United Kingdom. The Police Cyber Unit coordinated with British law enforcement to halt this additional financial resource. “An account at the British ‘Barclays’ bank, the details of which were disseminated by Hamas for the purpose of receiving donations, has also been frozen,” the announcement highlighted on Tuesday. “The Israeli Police, Ministry of Defense, and other relevant bodies will persist in their efforts to thwart terrorist financing and target the strategic financial assets of terrorist entities.”
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Frequently Asked Questions (FAQs) about Cryptocurrency Freezing by Israeli Police
Q: What prompted the Israeli Police to freeze cryptocurrency accounts at Binance?
A: The Israeli Police took this action in response to escalating tensions between Israel and Hamas. They froze cryptocurrency accounts at Binance that were allegedly used by Hamas for collecting crypto donations.
Q: Were there any specific agencies involved in freezing these accounts?
A: Yes, multiple agencies collaborated in this effort. The Israeli Police’s Cyber Unit, along with the Ministry of Defense, the Israel Security Agency, and other national intelligence agencies, worked together to successfully freeze the cryptocurrency accounts linked to Hamas.
Q: What was the purpose of Hamas using cryptocurrency accounts for fundraising?
A: Following the outbreak of conflict, Hamas initiated an online fundraising campaign, urging the public to deposit cryptocurrencies into their accounts. These funds were likely intended to support their activities during the hostilities.
Q: Did the Israeli Police take any additional actions beyond freezing the Binance accounts?
A: Yes, in a coordinated move, the Israeli Police also froze an account at Barclays Bank in the UK that was linked to Hamas. This was part of their broader efforts to target the financial resources of terrorist organizations.
Q: What is the ultimate goal of freezing these cryptocurrency accounts?
A: The intention behind freezing these accounts is to prevent Hamas from accessing and utilizing these funds for their operations. The frozen assets are intended to be redirected to the state treasury.
Q: How does the freezing of these accounts relate to the broader issue of terrorist financing?
A: The Israeli Police, in collaboration with other agencies, is actively working to thwart terrorist financing. By freezing these cryptocurrency accounts, they aim to disrupt the financial support network of terrorist entities and protect national security interests.
More about Cryptocurrency Freezing by Israeli Police
- Israeli Police Official Announcement (in Hebrew): The official statement by the Israeli Police’s Cyber Unit regarding the freezing of cryptocurrency accounts associated with Hamas.
- Binance Cryptocurrency Exchange: The cryptocurrency exchange platform where the frozen accounts were held.
- Barclays Bank: The UK-based bank where another Hamas-linked account was frozen by Israeli authorities.
- Hamas: Information about the Palestinian militant organization Hamas and its activities.
- Terrorist Financing: Resources on combating terrorist financing, provided by the U.S. Department of the Treasury.