Israel seized nearly 200 Binance accounts over terrorism links over two years


What is CryptoSlate Alpha?

A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›

Connect via Access Protocol

Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more ›

Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.

Earn Up to 15% APR & Enjoy 0% Borrow Rates!

Start Now

The seized accounts reportedly are tied to Hamas and Islamic State (ISIS).

Cover art/illustration via CryptoSlate

Authorities in Israel have seized 190 Binance accounts with ties to Islamic terrorist groups since 2021, Reuters said on May 4.

How To Get Free Crypto  

Reuters reported that two of those accounts were linked to Islamic State (ISIS) and that almost all of the other accounts were owned by three firms with ties to Hamas.

Reuters was unable to determine the total amount of cryptocurrency seized across those 190 accounts. However, it noted that Israel’s National Bureau for Counter Terror Financing (NBCTF) disclosed in April that it had seized cryptocurrency worth more than $137,000 from 80 Binance accounts belonging to the same three firms.

The NBCTF said that those accounts were the property of “terrorist organizations.” However, a representative for one of the companies — Al Mutahadun For Exchange — said that the firm does not use cryptocurrency and only works with fiat money.

Other reports from December suggest that Israel seized at least $33,500 and $750,000 of cryptocurrency from Hamas-linked crypto wallets on other occasions.

Coinbase Banner  

Incidentally, U.S. CFTC charges from March suggest that Binance executives knowingly discussed and permitted transactions connected to Hamas.

Get a Daily Summary of Crypto News, Insights and Market Data Straight to Your Inbox.

Go to Source
Author: Mike Dalton

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.