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Showing posts with the label accounts

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 crypto currency exchange Binance to locate and shut down the account s 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 civilia...

Binance blocks some accounts amid Bitzlato case: ‘Funds are safe’

Binance says it has already unblocked 90% of crypto accounts that were suspended due to the Bitzlato investigation. Cryptocurrency exchange Binance has been silently shutting down multiple accounts on the platform in relation to the Bitzlato investigation, according to several users. On Jan. 18, a group of Russian-speaking Binance clients complained about blocked account s and not being able to withdraw their funds from the exchange. The affected users created a Telegram group chat to report about the issues, stating that the account s were blocked without a warning. The members of the group — now counting more than 1,000 members — promptly drew parallels between the blockages and enforcement action against the crypto firm Bitzlato by the United States Department of Justice. The U.S. Financial Crimes Enforcement Network also listed Binance among the top Bitcoin (BTC) counterparties of Bitzlato. Many chat members have openly admitted that they used Bitzlato, including incoming and outg...