All Israel

Israel seizes Hamas-affiliated digital accounts in its continued battle against terrorism

Illustrative image (Photo: Shutterstock)

The Jewish state’s National Commission for Combating Economic Terrorism seized dozens of digital accounts affiliated with the Islamist organization Hamas in its ongoing battle against terrorism. In addition, the Israeli authority also succeeded in exposing hundreds of e-wallets used for providing funds of the Gaza-led terrorist organization.

The operation targeted three exchange companies with financial ties to the Palestinian Hamas organization: the United Exchange Company; Al-Wetaq Exchange Company; and the Dubai Exchange Office in Gaza.

Israeli Defense Minister Yoav Gallant signed the order, which effectively confiscated half a million shekels (about $137,000 USD) being used to finance Gaza-based terrorism against the Jewish state. The funds were traded on Binance, one of the world’s largest cryptocurrency online platforms.

Terrorist organizations such as Hamas have increasingly tried to finance their activities through the trade of digital currencies. In early 2022, Israeli authorities seized a number of cryptocurrency accounts affiliated with Hamas in the ongoing effort to stop the flow of funds to the terrorist organization.

At the time, then-Israeli Defense Minister Benny Gantz stressed the importance of the crackdown on accounts connected to terrorism.

“We are taking all the possible measures to cut off the economic ‘oxygen supply’ to terror organizations,” stated Gantz.

“We continue to expand the tools to cope with terror and the companies that support it. I commend the organizations involved for their intelligence, operational and legal cooperation. We will continue to take all the measures necessary to fight terror by any means and in any way,” promised Gantz. 

The All Israel News Staff is a team of journalists in Israel.

All Israel
Receive latest news & updates
    A message from All Israel News
    Help us educate Christians on a daily basis about what is happening in Israel & the Middle East and why it matters.
    For as little as $5, you can support ALL ISRAEL NEWS, a non-profit media organization that is supported by readers like you.
    Donate to ALL ISRAEL NEWS
    Popular Articles
    Latest Stories