Binance has a well-deserved reputation of undermining local regulators by acting outside the rule of law when doing so improves the company’s bottom line.
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.
The DoJ issued the guidance to U.S. attorney’s offices across the country, alerting them to the rising danger cybercriminals pose and urged for coordinated response and investigation with Washington.
A recent investigation led by multiple law enforcement departments in several countries proved exactly how easy it is to follow the crypto transaction trail.
Cryptocurrency denialists have repeatedly tried to say that crypto was only good for criminal and terrorist activity—a myth that has already been shown to be inaccurate many times.