Israel Freezes Hamas Cryptocurrency Accounts
Main page News, Cryptocurrency
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Oct. 11, 2023

Lahav 433, the Israeli police unit specializing in cybersecurity, has frozen Hamas cryptocurrency accounts used to collect donations on social networks.

As reported by The Times Of Israel citing the police, the blocked addresses had been in use since the outbreak of the armed conflict on October 7.

Lahav 433 works with the Defense Ministry, Shabak (Israel's intelligence and general internal security service) and other intelligence agencies to limit funding to Hamas.

Binance has also reportedly helped Israel freeze assets.

The exchange has explained:

"The information we use to identify individuals, addresses and infrastructure associated with specific organizations is based on intelligence provided by authorities and tools developed by us and our partners."

Israeli authorities have also reportedly contacted British police to block the accounts of suspected terrorists at Barclays Bank.

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