Hamas Donors Told to Avoid Binance, Use Alternative Crypto Platforms

The US Department of Justice has uncovered a letter from Hamas's military wing, the Al-Qassam Brigades, advising donors to avoid using Binance for cryptocurrency transfers. The letter recommends platforms such as Bybit, OKX, Kast, and Redotpay instead.

The letter explicitly states that Binance 'can only be used to purchase currency,' implying that donors should use other platforms for the final fund transfer. This is part of a series of law enforcement actions targeting Hamas's crypto financing network, which has resulted in approximately $560,000 in seized cryptocurrency assets.

Blockchain analysis shows that since the end of 2024, the Al-Qassam Brigades have turned over more than $1.5 million in digital assets, primarily relying on USDT and frequently changing wallet addresses to evade tracking.

Binance's Chief Compliance Officer Noah Perlman responded, stating, 'When terrorist organizations tell people to avoid Binance, it indicates that our control measures are working; Binance is not a safe haven for illegal actors.'