Israeli police seized crypto accounts used by Hamas to collect donations on social media, the police said Tuesday morning.
The cyber unit also froze a bank account that the group had posted to receive donations, the report said. “Some in Congress think crypto is solely for facilitating illicit activity,” wrote Blockchain Association director of government relations Ron Hammond on X, the platform formerly called Twitter. The seizures announced Monday aren’t Binance’s first connection to Hamas. The Commodity Futures Trading Commission in March sued Binance and founder Changpeng Zhao, accusing the firm of operating as an illegal digital asset derivatives exchange. The lawsuit said that in a conversation with a colleague, Binance’s then compliance chief acknowledged that Hamas used the company to send funds in small sums to avoid money laundering controls.