Related: Hamas’ Attack on Israel Shakes Markets as Oil Rises!

Israeli police cooperated with the cryptocurrency exchange Binance to close Hamas’ cryptocurrency wallets. They also collaborated with the UK police to freeze an account at Barclays bank in the UK. (People believed this account belongs to Hamas.)

Hamas’ cryptocurrency accounts were freezed by Israel

The Ministry of Defense made a statement. It said, “With the onset of the war, Hamas launched a fundraising campaign on social media and asked the public to deposit cryptocurrencies into their account.

Also, the Cyber unit and National Economic War Headquarters (MTL) took action to find and freeze the accounts with the help of cryptocurrency exchange Binance to transfer the funds to the state treasury.

The Israeli Police asserted their determination in combating the financing of terrorism and in confiscating the strategic financial assets of terrorist organizations with the collaboration of the Israeli Defense Forces and partners.

In March, CFTC, had sued Binance due to multiple infringements, some hinting at potential criminal activities such as money laundering. After this collaboration with the Israeli police, Binance affirmed they do not permit any terrorist organization to trade on their exchanges.

The Palestinian resistance group Hamas had launched an attack against Israel on Saturday morning. Following this attack, the Israeli government had launched a counterattack against Hamas. Due to this war, oil prices had risen.

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