Israeli authorities have asked to close cryptocurrency accounts and confiscate millions of dollars in digital assets following Hamas attacks. According to the FT, more than 100 accounts on Binance have been closed since October 7, while the country’s authorities have requested information on another 200 other accounts, mostly on the same exchange.
Binance confirmed to FT that it has suspended a number of accounts since the summer and that it “follows internationally recognized sanctions guidelines.”
Binance says the team has been “working in real time around the clock over the past few days to support ongoing efforts to combat terrorist financing.” The exchange “actively cooperates” with global law enforcement agencies and regulators, company representatives assure.
The day before, Tether announced that it had frozen 32 wallets with its USDT stablecoins in the amount of $873,118.34. These addresses, company representatives believe, are associated with illegal activities in Israel and Ukraine.
Source: Bits
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