Crypto exchange Binance froze crypto accounts linked to Hamas militants as per requests from Israeli law enforcement.

According to an Oct. 10 WeChat post by Yi He, the exchange’s co-founder, the freeze is aimed at the Hamas group and not the people of Palestine. As stated by He:

“Hamas is a designated terrorist organization by the United Nations. Therefore, any organization, including banks and trading platforms, will need to cooperate on the receipt of freeze requests. This is not something Binance can decide on its own.“

She further highlighted that no trading platforms can refuse such requests: “Palestine has an organized government. Hamas is a local militant group. They kill civilians; that’s the problem. Hamas is not Palestine; the freeze is targeted towards Hamas, not Palestine.“

She noted that ordinary users would not be affected by the ban, including Palestinian civilians. “Referring to earlier incidents, when war broke out before Russia and Ukraine, we did not freeze the accounts of ordinary Russians,” she said.

Earlier on Oct. 10, local news outlet Calcalist reported that Israeli officials froze the crypto accounts of Hamas militants with the aid of Binance. Law enforcement claims that terrorists used the accounts to collect war-related funds through social media. 

Sources:

https://cointelegraph.com/news/binance-freezes-hamas-linked-accounts-israeli-request

https://www.calcalist.co.il/calcalistech/article/h1rpzugba