- Binance, a cryptocurrency exchange, has received a request from Israeli law enforcement to freeze accounts associated with Hamas militants.
- Binance’s co-founder, Yi He, emphasizes the importance of cooperating with freeze requests due to Hamas’ designation as a terrorist organization.
- It is crucial to differentiate between Hamas and the broader Palestinian population, as the freeze request is specifically targeted at Hamas-related accounts.
The cryptocurrency exchange Binance has received a request from Israeli law enforcement to freeze accounts associated with Hamas militants. Binance co-founder Yi He has addressed the matter, emphasizing the importance of cooperation with freeze requests due to Hamas’ designation as a terrorist organization. It is crucial to differentiate between Hamas and the general Palestinian population, whose accounts will not be affected.
Binance’s Response to Law Enforcement Request
Binance’s co-founder Yi He addresses the request from Israeli law enforcement to freeze Hamas-related accounts. He emphasizes the necessity for cooperation with such requests, given Hamas’ designation as a terrorist organization. Yi He clarifies that this decision is not within Binance’s sole discretion and underscores that the stance applies universally across trading platforms.
— BlockNews.com (@blocknewsdotcom) October 10, 2023
BREAKING: Binance freezes Hamas-linked accounts on request from Israeli authorities.
The action is part of an effort to halt war funding channeled through cryptocurrencies.
Co-founder Yi He underlines that Binance's move strictly targets the militant group, not Palestinians. pic.twitter.com/33pznqnKS5
Differentiating Hamas and the Palestinian Population
Yi He highlights the distinction between Hamas, a militant group, and the general Palestinian population. He clarifies that the freeze request targets Hamas-related accounts and does not affect the accounts of the broader Palestinian community. This differentiation is essential to address the concerns surrounding Hamas’ violent activities and prevent the freezing of innocent individuals’ assets.
Support for Israeli Civilians Through Crypto Donations
In a separate development, the local Web3 community in Israel has launched a cryptocurrency-based initiative to support Israeli civilians. This initiative allows individuals to contribute Ether, Bitcoin, or the stablecoin Tether. The community-driven effort has already gathered over $50,000 in crypto donations, showcasing a proactive response to provide assistance to those in need.
Binance has received a request from Israeli law enforcement to freeze accounts associated with Hamas militants, highlighting the importance of cooperation with freeze requests due to their designation as a terrorist organization. It is crucial to differentiate between Hamas and the broader Palestinian population. Meanwhile, the local Web3 community in Israel has launched a crypto-based initiative, raising over $50,000 in donations to support Israeli civilians in need.
