The Israel Police cyber unit, Lahav 443, said on Tuesday that it froze cryptocurrency accounts allegedly used by the Gaza-based Palestinian militant group Hamas for fundraising.

See related article: ‘There’s no doubt we picked a side here’ — Chainalysis founder Michael Gronager talks analytics, Ukraine and crypto adoption in Asia

Fast Facts

• The crackdown, assisted by the National Headquarters for Economic Warfare, is part of a broader effort to stop the fund flows to the militant group. 

• The Israel Police said on X (formerly Twitter) that Hamas launched a crypto fundraising campaign after the start of the recent conflict, asking the public for crypto donations.

• Israeli authorities have urged the world’s largest crypto exchange, Binance, to withdraw the seized funds into Israel’s state treasury.
• Israel declared war on Hamas Saturday after the militant group carried out an attack causing at least 900 deaths in Israel, prompting a retaliation airstrike that killed at least 687 people in Gaza.

• Israeli crypto firms launched an emergency crypto fund on Monday, to aid war-stricken citizens.

• Crypto has been a fundraising source in the ongoing Russo-Ukrainian war for both sides.

See related article: From crisis currency to consumer adoption: What next for crypto?

The Israel Police cyber unit, Lahav 443, said on Tuesday that it froze cryptocurrency accounts allegedly used by the Gaza-based Palestinian militant group Hamas for fundraising.

See related article: ‘There’s no doubt we picked a side here’ — Chainalysis founder Michael Gronager talks analytics, Ukraine and crypto adoption in Asia

Fast Facts

• The crackdown, assisted by the National Headquarters for Economic Warfare, is part of a broader effort to stop the fund flows to the militant group. 

• The Israel Police said on X (formerly Twitter) that Hamas launched a crypto fundraising campaign after the start of the recent conflict, asking the public for crypto donations.

• Israeli authorities have urged the world’s largest crypto exchange, Binance, to withdraw the seized funds into Israel’s state treasury.
• Israel declared war on Hamas Saturday after the militant group carried out an attack causing at least 900 deaths in Israel, prompting a retaliation airstrike that killed at least 687 people in Gaza.

• Israeli crypto firms launched an emergency crypto fund on Monday, to aid war-stricken citizens.

• Crypto has been a fundraising source in the ongoing Russo-Ukrainian war for both sides.

See related article: From crisis currency to consumer adoption: What next for crypto?