Binance Uncovers Terrorist Accounts Seized By Israel
hot stories

Binance Uncovers Terrorist Accounts Seized By Israel

written by John Murphy | May 5, 2023

According to Reuters, since 2021, the Israel Police have taken control of roughly 190 business cryptocurrency accounts. These cryptocurrency Terrorist Accounts are related to the terrorist organizations involving Daesh and Hamas.

To obstruct the action of the terrorist organization, it referenced a document from National Bureau for Counter-Terror Financing (NBCTF) in Israel. This document shows that the two accounts are connected to Daesh, which is under the control of the police.

Keys Takeaways

  • Binance stated that Reuter omitted the critical facts in its report.
  • The Binance processes and policies meet the financing criteria of anti-money laundering, counterterrorism, and AMLD 5/6.
  • Blockchain data easily track and identify money laundering as compared to cash transactions.
  • In terms of trading volume, Binance has dominated the cryptocurrency market.
  • Binance has 750 people from regulatory agencies and law enforcement to oblige compliance.

Additionally, it criticizes the compliance guidelines for combating and avoiding the financing of terrorism based on cryptocurrency.

Binance rejected the report of Reuters from the previous year that the exchange had poor low anti-money laundering measures. Binance said that the representation of its compliance system is old and the calculations for the illegal funds are wrong.

Terrorist Accounts Seized By Israel

Binance, a cryptocurrency exchange, challenged the compliance procedure of Reuters. Moreover, Binance stated that Reuters omitted crucial information in its report.

The processes and policies of Binance meet the financing criteria of counterterrorism and AMLD 5/6, anti-money laundering. It said that we take this topic very seriously.

For dealing with and identifying an effective compliance program and questionable behavior, the exchange has crypto terrorism experts’ tools. To identify and stop the funding of terrorists, it cooperates with law enforcement organizations and authorities.

Terrorist Accounts Seized By Israel
Source: thestreet

On the blockchain, once a transaction has been validated, a crypto exchange can’t stop or reverse a deposit of a digital asset. We stepped in and took the necessary measures when we became aware of the inappropriate behavior.

These necessary measures involved collaboration with the police to help investigate and freeze money.

Binance claims that the exchange is collaborating with foreign counterterrorism authorities, and the investigation continues on these seizures. This Binance claim is in response to the citations in the report Reuters.

To find the bad actors running accounts for illegal organizations like terrorist groups, Binance collaborates with law enforcement authorities.

Compared to cash transactions, blockchain data makes it easy for law enforcement authorities to identify and track money laundering.  750 people from regulatory agencies and law enforcement work for Binance to assist with compliance.

One of the top organizations following counterterrorism funding regulations and AML is Binance. As most users have confidence in Binance’s security and compliance, it has dominated the cryptocurrency market regarding trading volume.

Binance has been under assault from authorities multiple times after the FTX crisis, but the exchange has remained compliant with increased scrutiny and regulations.

Crypto Influencers React with Jaw-Dropping Shock to Latest News

CoinGape News took to Twitter and announced that Binance said that Reuters missed the critical facts in its report on terrorist accounts seized by Israel.

Crypto 411 took to Twitter and announced that on Thursday, Reuters reported that authorities of Israel had taken control of about 190 Binance crypto accounts.

Cointime took to Twitter and announced that Binance said Reuters omitted critical information in its report on Israel’s imprisonment of 190 accounts connected to terrorist organizations.

Do You Know?

  • 1. Binance, one of the world’s largest cryptocurrency exchanges, recently released a statement claiming that Reuters had “missed crucial facts” in its report alleging that terrorist accounts were seized by Israeli authorities.
  • 2. According to the statement released by Binance, the Reuters story was based on an inaccurate report from an Israeli news outlet, which could not be confirmed by Binance’s own investigation.
  • 3. The Reuters story claimed that Israeli police had seized bank accounts belonging to two individuals linked to terrorism and that these accounts had been used to purchase cryptocurrency on Binance.
  • 4. Binance has denied any involvement in the alleged terrorist activity and has stated that the two individuals had never had any accounts or engaged in any transactions on the platform.
  • 5. Binance also stated that it has a strict Anti-Money Laundering (AML) policy and has taken “proactive steps” to ensure the safety and security of its platform, including advanced KYC/AML procedures.


Since 2021, the Israel police have taken control of roughly 190 business cryptocurrency accounts, according to the Reuters report. Reuters omitted the critical facts in its report. Binance rejects the Reuters report from the previous year.