Binance, the world’s leading cryptocurrency exchange, has reportedly closed more than 100 accounts in response to the deadly Hamas attack on Israel earlier this month.
According to a recent Financial Times report, which cited “people directly familiar with Israeli police actions,” Israeli law enforcement agencies ordered shutdowns and confiscated millions of cryptocurrencies in an effort to cut off funding to the Palestinian Islamic group.
Hamas has previously asked its followers to send Bitcoin (BTC) in an effort to evade US sanctions.
Financial Times sources also reported that Israeli authorities have requested information on up to 200 additional crypto accounts. Most of these accounts would have also been created on Binance.
Binance confirmed in a statement to the Financial Times that it had blocked “a small number” of accounts.
On Monday, Tether, issuer of the leading stablecoin USDT, announced that it had frozen 32 addresses “linked to terrorism and war in Israel and Ukraine.” The addresses allegedly contained more than $870,000.