Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.
The exchange complies with anti-money laundering legislation, like all financial institutions, he said.
A letter in the original post shows a rejected appeal by a wallet holder against a seizure order from November, but it doesn't identify the recipient.Binance CEO Richard Teng dismissed claims the crypto exchange froze all assets belonging to all Palestinians at the request of the Israeli armed forces, an allegation, using the acronym for fear, uncertainty, and doubt."Only a limited number of user accounts, linked to illicit funds, were blocked from transacting.
In his post, Youssef included a letter in Hebrew from Paul Landes, head of Israel's National Bureau for Counter Terror Financing, together with a translation. The letter rejects an appeal against a seizure order dating from Nov. 1, 2023, and says funds were transferred from the Dubai Exchange Company in the Gaza Strip to cryptographic wallets"yours among them." The letter doesn't identify the recipient.
While terror groups are said to use cryptocurrency to fund their operations, figures are hard to discern given the difficulty of identifying the owner or any specific wallet. In July, Singapore's government noted an increasing use of cryptocurrencies in terror financing while saying cash and other informal value transfer systems remain the predominant means for financial transactions.it said were tied to terrorists since 2021, Reuters reported in May last year. That was before the Oct.
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