Israel actively freezes crypto accounts belonging to Hamas

Israel ordered crypto exchange Binance to locate and shut down all the terrorist-related accounts on its platform, as Hamas is actively seeking funds.

The cyber unit of Israel Police’s Lahav 433 has blocked crypto accounts belonging to Hamas a few days after the Palestinian militant group launched an attack in Israel, killing hundreds of civilians.

According to The Times of Israel, a spokesperson for the cyber unit said that Hamas had been seeking fresh capital in crypto, calling for donations on social media since Oct. 7.

Although no details were given, the report says Israel ordered cryptocurrency exchange Binance to locate and shut down the accounts on its platform. Lahav 433 is also reportedly working with the UK police to freeze a Hamas-related account in Barclays Bank.

You might also like: Crypto firms assemble aid fund amid Israeli-Hamas war

The move comes shortly after Hamas launched its unprecedented assault over the weekend, killing hundreds of civilians and taking hostages to “liberate all Palestinian prisoners” from Israel, according to a spokespserson for the militant group.

As of press time, approximately 900 people have been killed, and over 2,300 others have been injured by Hamas forces. Palestinian authorities claim around 560 people have died and another 2,900 have been injured as Israel increased airstrikes on the Gaza Strip.

In June 2023, Israel also seized crypto worth millions of dollars from accounts linked to Iran and Hezbollah, Lebanon’s armed group supporting Hamas in its war with Israel.

The Defense Minister of Israel, Yoav Gallant, said the government had seized millions of dollars worth of cryptocurrencies linked to Iran’s military arm, Quds Force, and the Lebanese militant group Hezbollah.

Read more: Crypto might fluctuate due to Israel-Palestine war, analyst says
Follow Us on Google News

Comments

Post a Comment

Popular posts from this blog

Fetch.ai Price Prediction: FET Pumps 14% On Nvidia Earnings As AI Cryptos Boom And Analysts Say This New Solana Meme Coin Might Outperform BONK, WIF And MYRO

Image
The Fetch.ai price has soared by 14.5% in the past 24 hours to trade at $1.12 as of 8:15 a.m. EST on trading volume that surged 10.5% to $612 million. This surge came after AI chip maker Nvidia reported that fourth-quarter earnings had surpassed market expectations, buoying most of the AI crypto sector. Other AI cryptos to surge included Render (RNDR), Akash Network (AKT), and Bittensor (TAO), all ascending by double digits. Fetch.ai Price Susatains Bullish Momentum Above the Bullish Pennant FETUSD Analysis by Tradingview The Fetch.ai price indicates a continued uptrend after breaking from the consolidation stage. However, the resistance level at $0.78 has led to the formation of a bullish pennant, which signals a bullish trend reversal. However, the bulls seem to have acted on the pennant, indicating resilience on the $0.4424 support zone and flying the price past the $0.78 resistance, confirming the bull rally to the $1.17 resistance level. The technical indicators are bul
Read more

Bitcoin slicing through this resistance could send it over $47k

Image
Although the majority of assets in the cryptocurrency sector got off to a slow start this week, Bitcoin (BTC) could be looking at a massive advance toward and beyond the threshold of $47,000 soon, provided it manages to break the key resistance that currently stands in its way. As it happens, Bitcoin’s realized price distribution (URPD) or unspent transactions output (UTXO), or the amount remaining after every transaction, suggests that the maiden cryptocurrency is facing “stiff resistance at $38,500,” as noted by crypto market analyst Ali Martinez in an X post on November 26. Having said that, the crypto trading expert also observed that the flagship decentralized finance (DeFi) asset “slicing through this barrier could help BTC advance toward $47,360,” which is the next significant point in the chart Analysis that Martinez shared. Bitcoin UTCO realized price distribution. Source: Ali Martinez Specifically, UTXO UPRD shows at which prices the current Bitcoin UTXOs appeared, ea
Read more

Binance faces calls for ban by Nigerian Bureau De Change association

Image
Gwadabe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel market. Binance continues to experience an increase in regulatory heat as the Federal Government of Nigeria is being urged by the Association of Bureau De Change Operators of Nigeria (ABCON) to prohibit the activities of Binance within the nation. ABCON is a self-regulatory body and an umbrella for all the central bank-licensed Bureaux de Change (BDC). This action comes in response to the association reportedly recognizing Binance as a significant contributor to the pressure on the naira. As reported by Nairametrics, a local news agency, Alhaji Aminu Gwadabe, president of ABCON, provided this counsel in an interview held on Aug. 8 in Lagos. Gwadabe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel mar
Read more