Israel's National Bureau for Counter Terror Financing had seized "around 190" Binance accounts, including two allegedly linked to the Islamic State terror group, according to a Reuters report.
Investigators allege that the wallets are linked to Hamas, a group which Israeli authorities, the European Union, the U.K., and the U.S. have classified as a terrorist group.
According to the country’s Defense Ministry, the seizure has dealt a big blow to the group which has turned to digital assets as Israeli authorities continue to crack down on the group’s funding channels.
Hamas doesn’t want to lose a potentially lucrative new source of fundraising, so they’ve gotten more sophisticated about how they do it.
Cryptocurrency denialists have often tried to state that digital currency only has illicit purposes, even though there is more evidence of fiat being used to fund these activities.
