In the wake of Israel declaring war on Hamas on Tuesday, Binance, a leading cryptocurrency exchange, has frozen over 100 accounts linked to Hamas in response to directives from Israeli authorities, according to a Financial Times report. The move came after retaliatory airstrikes in Gaza that started on October 7.
The Israeli Police cyber unit has also been targeting accounts associated with a Hamas crypto fundraising campaign. Further investigations are ongoing into an additional 200 cryptocurrency accounts, predominantly hosted on Binance.
In response to the escalating conflict, Israeli cryptocurrency firms have established an emergency fund aimed at providing support for the war-impacted population.
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