Hamas launched a fundraising campaign after it attacked Israel.
The cyber unit of Israel seized Hamas-linked Binance accounts.
As the Israel-Gaza war entered the fourth day, the cyber unit of Israel Police's Lahav 433 is now focused on crippling the channels through which Hamas receives financial support. The cyber unit also received support from the National Headquarters for Economic Combating Terrorism (METL) at the Ministry of Defense, the General Security Service, and other intelligence bodies, local media 0404 reported.
Stopping the Terror Group from Raising Funds
The action came as the terror group launched a fundraising campaign on social media for financial support from the public. Because of the heavy economic sanctions, they are asking for cryptocurrency donations.
Israel's cyber unit is also receiving cooperation from crypto exchange Binance to locate the Hamas-linked accounts and withdraw the funds into the state coffers. The Israeli authorities along with British counterparts are freezing a Barclays bank account, which was mentioned in the details published by Hamas for donations.
The Abuse of Crypto by Terrorists
Hamas has been seeking funds in cryptocurrencies for a long time. According to earlier reports, Israeli authorities have confiscated 189 cryptocurrency accounts on Binance for their links to Palestinian and Islamist terror groups since 2021. Three Palestinian currency exchange firms held those proxy accounts.
In 2022, the US authorities also targeted "an expansive network of three Hamas financial facilitators and six companies across the Middle East and North Africa that generated revenue for the terrorist group through the management of an international investment portfolio."
The Hamas terrorists initiated a rocket strike targeting Israel on Saturday morning and also infiltrated the borders on the Jewish holiday of Sukkot. The attack came as a surprise, resulting in the killing and kidnapping of several hundreds of Israeli civilians. Israel has never faced an attack like this on such a scale.
Prime Minister Benjamin Netanyahu declared war against Hamas-controlled Gaza on Saturday, following retaliatory air raids on locations tied to Hamas. While Hamas still holds Israeli hostages, the Israeli government ordered a "complete siege" of the Gaza Strip on Monday.
As the Israel-Gaza war entered the fourth day, the cyber unit of Israel Police's Lahav 433 is now focused on crippling the channels through which Hamas receives financial support. The cyber unit also received support from the National Headquarters for Economic Combating Terrorism (METL) at the Ministry of Defense, the General Security Service, and other intelligence bodies, local media 0404 reported.
Stopping the Terror Group from Raising Funds
The action came as the terror group launched a fundraising campaign on social media for financial support from the public. Because of the heavy economic sanctions, they are asking for cryptocurrency donations.
Israel's cyber unit is also receiving cooperation from crypto exchange Binance to locate the Hamas-linked accounts and withdraw the funds into the state coffers. The Israeli authorities along with British counterparts are freezing a Barclays bank account, which was mentioned in the details published by Hamas for donations.
The Abuse of Crypto by Terrorists
Hamas has been seeking funds in cryptocurrencies for a long time. According to earlier reports, Israeli authorities have confiscated 189 cryptocurrency accounts on Binance for their links to Palestinian and Islamist terror groups since 2021. Three Palestinian currency exchange firms held those proxy accounts.
In 2022, the US authorities also targeted "an expansive network of three Hamas financial facilitators and six companies across the Middle East and North Africa that generated revenue for the terrorist group through the management of an international investment portfolio."
The Hamas terrorists initiated a rocket strike targeting Israel on Saturday morning and also infiltrated the borders on the Jewish holiday of Sukkot. The attack came as a surprise, resulting in the killing and kidnapping of several hundreds of Israeli civilians. Israel has never faced an attack like this on such a scale.
Prime Minister Benjamin Netanyahu declared war against Hamas-controlled Gaza on Saturday, following retaliatory air raids on locations tied to Hamas. While Hamas still holds Israeli hostages, the Israeli government ordered a "complete siege" of the Gaza Strip on Monday.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
OKX Enters Australia with Spot and Derivatives Crypto Trading
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa