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PulseShift｜ARCB，Soft Launch - Post-Event Report18 Nov. 2025, Kuala Lumpur, Malaysia Dear global community members, We are honored to officially announce that PulseShift｜ARCB’s Soft Launch went live on the 18th of November 2025 and marked a decisive step toward AI-driven intelligent trading and global asset expansion. The event united communities across Europe & Africa, Taiwan, and Mainland China via synchronised livestreams, reinforced market confidence with direct leadership access, and set out a clear roadmap for scale. Event Overview Format : Global livestream with regional co-hosts and community watch parties Regions : Europe & Africa, Taiwan, Mainland China (with simultaneous interpretation) Headline : The New Era of AI Intelligent Finance Begins Special Guest : CEO of ARCB Group Highlights Unified Global Kick-off: Communities across three macro-regions joined a coordinated broadcast and Q&A. Leadership Access: ARCB’s CEO outlined the group strategy, PulseShift’s role as a capital engine in the ARCB ecosystem, and the phased global rollout. Vision to Execution: Clear framing of how AI-driven trading, transparency, and risk discipline translate into user value and market trust. Ecosystem Momentum: Confirmation that PulseShift is now fully activated within ARCB to support intelligent, stable asset growth. Key Messages from the event Strategic Direction: PulseShift is the intelligence layer powering global capital engine—precision, transparency, and discipline at scale. Global Expansion Roadmap: Region-by-region enablement with compliance gates, partner onboarding, and community education as core pillars. User Value: A more transparent and stable asset-growth experience, backed by measurable safeguards and continuous AI model improvements. Community & Engagement Multi-region moderators facilitated live chat, curated FAQs, and collected post-event feedback. Regional leaders amplified content through local channels to drive sustained engagement. Community sentiment skewed positive around clarity of roadmap and leadership visibility. Outcomes Awareness: Elevated brand recognition and market curiosity for AI-intelligent finance PulseShift x ARCB Trust Signals: Direct executive access and roadmap transparency improved credibility with early adopters and partners. Readiness for Scale: Regions signalled interest in pilot cohorts, partner integrations, and follow-up technical briefings. Feedback Themes What resonated: Clarity of strategy, phased rollout, emphasis on transparency and risk management. What to deepen: More product walkthroughs, case examples, and region-specific enablement timelines. What to clarify: Onboarding steps, partner criteria, and data-privacy safeguards by jurisdiction. Next Steps (Immediate 2–4 Weeks) Publish Replay & Assets: Event recording, highlight reel, CEO keynotes, and FAQ pack. Regional Deep-Dives: Technical demos and compliance briefings per region; office hours with product leads. Onboarding Pathway: Step-by-step guides for users and partners, including risk disclosure and KYC/AML requirements where applicable. Community Programs: Ambassador recruitment, localisation of content, and structured feedback loops. Progress Updates: Bi-weekly public notes on feature rollouts, integrations, and support coverage. Call to Action For Market Leaders Users: Watch the replay, review the onboarding guide, and register interest for your regional pilot. Partners/Communities: Apply for integration/ambassador programs and book a regional briefing slot with your leaders. Media/Analysts: Access the press kit and request interviews with PulseShift leadership. This Soft Launching marks the full activation of PulseShift’s strategic role within the ARCB ecosystem, delivering a more transparent, stable, and intelligent asset-growth experience to users worldwide. Official Reminder Please stay tuned for the official livestream schedule and participation details. Further information will be announced soon across all official channels. PulseShift Official Announcement Let us welcome the rise of a new era in global intelligent trading together! PulseShift × ARCB Intelligent Trading · Global Expansion · Capital Engine Activated Strategic Partners · Powerful Alliances This Soft Launching will also showcase PulseShift’s deep collaborations with multiple globally recognized ecosystem partners, including Binance, OKX, BingX, Huobi, ANTlabs, Bloomberg, Aefet, BigONE, Tebbit, CoinW, Poloniex, CoinEx, ComoBit, Abex, Ekbit, Realbit, working together to promote a comprehensive upgrade of global intelligent financial infrastructure and build a more efficient, secure, and open financial network for the future.Web3日报2025/11/19 21:06 Tether’s (USDT) Transparency Makeover: Real-Time Reserve Reports on the HorizonFollowing an unexpected change in leadership, Tether seems to be charting an ambitious course for USDT. Despite facing substantial criticism regarding the perceived opacity of its reserve composition backing the stablecoin, with Paolo Ardoino taking over the role of CEO, Tether is actively working towards enhancing transparency. Tether Plans for Transparency Among other plans, Tether intends to start publishing data on its reserves in real time in 2024, according to Ardoino, who spokewith Bloomberg. The latest development comes after Ardoino was promotedas the CEO of the company, which subsequently marked the transition of previous executive Jean-Louis van der Velde into an advisory role. In its Q2 attestation signed by accounting firm BDO Italy, Tether revealedthat its operational profits surpassed $1 billion for the second quarter. The stablecoin issuer’s filing also disclosed an excess of $3.3 billion in reserves with around $72.5 billion of exposure to US Treasuries. This included direct T-bill investments, repurchase agreements, and deposits in money market funds. As reported earlier, Tether is one of the leading global purchasers of US Treasury bills. The exec had disclosedthat USDT accumulated a substantial $72.5 billion in US Treasury bonds, propelling it to the 22nd position worldwide. In terms of Treasury holdings, the company has surpassed countries such as the United Arab Emirates, Mexico, Australia, and Spain. Future Goals Ardoino also told the outlet that his goals also include ramping up tech investment, talking to regulators, and expanding into renewable energy. Tether had previously incurred a $42.5 million fine from the Commodity Futures Trading Commission (CFTC) in 2021, stemming from allegations that USDT was not completely backed during a significant portion of a 26-month period from 2016 to 2018. Despite the regulatory pushback and the controversies surrounding its backing, USDT remains the top stablecoin in the market. In fact, its market cap spiked to $84 billion this week, representing a whopping 27% increase since the beginning of the year despite the lack of proper momentum in the broader crypto market. Moreover, a recent study by Brevan Howard confirmed that USDT accounts for 75% of stablecoin transactions. 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Alameda Research’s $190 Million Loss Linked To Inadequate Security, Insider ReportsAmidst the ongoing legal proceedings, a fresh wave of testimonies has emerged against Sam Bankman-Fried(SBF) and his operations. In this particular instance, outside the courtroom, a former engineer at Alameda Research, the sister hedge fund of FTX, has come forward with revelations of substantial losses in trading funds totaling at least $190 million. Aditya Baradwaj, the individual in question, has provided a detailed account of the events in a post titled “The Hacks,” shedding significant light on the severe repercussions stemming from inadequate security practices within the company. Alameda Research’s Poor Operational Practices Exposed The collapse of FTXand Alameda Research has since attracted substantial attention, with numerous reports highlighting the lack of robust risk management structures at both entities. Notably, bankruptcy lawyer John Ray IIIfamously described the situation as a “complete failure of corporate controls.” Concrete evidence provided by Baradwaj paints a disturbing picture of the company’s operational practices. Baradwaj revealed that Alameda Research’s founder and CEO, SBF, prioritized speed above all else, neglecting engineering and accounting standards considered customary in both technology and financial services industries. Consequently, the company engaged in minimal code testing and incomplete balance accounting, only implementing safety checks for trading when necessary. One of the most alarming revelations pertains to storing blockchain private keys and exchanging Application Programming Interface (API) keys in plaintext within a file accessible to several employees. While this approach allowed for remarkable developer velocity, it also exposed the company to frequent security incidents. Costly Consequences Baradwaj highlighted several incidents as examples, each resulting in substantial financial losses: In incident 1, an Alameda trader fell victim to a phishing attackwhile attempting a Decentralized Finance (DeFi) transaction, resulting in losses exceeding $100 million. Following this incident, the company introduced additional checks on their internal wallet software. Incident 2 involved Alameda Research’s participation in yield farming on a questionable blockchain. According to Baradwaj, the creator of the blockchain held the funds hostage for months, resulting in losses of $40 million. Consequently, the company adopted a more cautious approach to selecting chains and protocols for trading. In incident 3, an old version of the plaintext keys file was leaked, likely by a former employee. The attacker exploited this breach, transferring funds from exchanges and placingfraudulent orders, amounting to losses of $50 million. As a result, Alameda Research migrated their secret keys to a more secure storage system. These incidents merely scratch the surface, as Baradwaj acknowledged the existence of numerous other security breaches predating his tenure at the company. It remains to be seen how Alameda Research and FTX, in case of a future relaunch, will address these revelations and work towards enhancing their security practices to prevent future incidents and regain the trust of their clients and stakeholders. On the other hand, the trial of Sam Bankman-Fried, the former CEO of FTX, is currently underway. Former employees and partners have taken the stand to provide testimonies against him. In the event of a conviction, Bankman-Fried could potentially be sentenced to up to 114 years in federal prison. Featured image from Forbes, chart from TradingView.com Ethereum Could Explode by Over 2,100%, According to $820,000,000,000 Global Bank: ReportOne of the largest banks in the world reportedly believes that the smart contract platform Ethereum (ETH) could soar by more than 2,100%. According to a new CNBC article, the UK-based bank Standard Chartered ispredictingthat Ethereum will eventually increase to as high as $35,000 after hitting $8,000 in about three years. Geoff Kendrick, an analyst at the London-based bank, says that increasing use cases and layer-2 scaling solutions built on Ethereum are among the reasons for the price forecast. “We think Ethereum’s established dominance in smart contract platforms, along with emerging uses in gaming and tokenization, has the potential to push ETH to the $8,000 level by end-2026 [which is] a stepping stone to our long-term ‘structural’ valuation estimate of $26,000-$35,000.” According to CNBC, Kendrick believes gaming and tokenization of real-world assets offer some of the greatest growth potential for Ethereum. He also expresses optimism about planned Ethereum upgrades. In early 2024, Ethereum is slated to implement “proto-danksharding,” which would increase the network’s transaction speed and lower transaction costs. “Layer 2 scaling solutions… are likely to grow in importance over time, particularly as architecture upgrades expected in early 2024 sharply lower fees on these platforms. This should help to cement ETH’s dominance in the smart contract space, thereby increasing its P/E (price to earnings) ratio over the next couple of years.” With ETH trading for $1,540 at time of writing, an increase to $35,000 would represent a 2,173% jump, while a move to $8,000 would be a 419% increase. Standard Chartered is the 43rd largest bank in the world with $820 billion of assets under management. Don't Miss a Beat – Subscribeto get email alerts delivered directly to your inbox Check Price Action Follow us on Twitter, Facebookand Telegram Surf The Daily Hodl Mix Check Latest News Headlines Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourneydailyhodl Senators Urge IRS To Implement Crypto Tax Reporting Guidelines Before 2026Members of the US Senate have called on the Treasury Department and IRS to implement crypto tax reporting guidelines before 2026. Lawmakers argue a delay in implementation could cause the IRS to lose billions in revenue. A group of seven US Senate members have sent a letter to the US Internal Revenue Service (IRS) Commissioner Daniel Werfel and Treasury Secretary Janet Yellen in which they insist crypto tax reporting requirements be implemented before 2026. Delays Could See the IRS Lose Roughly $50 Billion in Revenue Members of the Senate, including Elizabeth Warren and Bernie Sanders, have urged the Treasury Department and IRS to implement tax reporting requirements for crypto brokers “as swiftly as possible.” In an October 10 letter, the senators argued a two-year delay in the requirement’s implementation could see the IRS lose around $50 billion in annual tax revenue. The proposed requirements, scheduled to take effect in 2026 for 2025 transactions, were unveiled by the Biden administration in August. In addition to the IRS potentially losing out on billions, senators also suggest the current tax policies would allow bad actors to continue committing tax evasion. In the letter, the Senators state: “While we applaud the substance of the proposed regulations and your agencies’ efforts to ensure taxpayers continue to report crypto activity, we are deeply concerned that the final rule will not become effective until 2026.” Adding, “[A]ny delay would give crypto lobbyists even more opportunity to undermine the Administration’s efforts to impose basic reporting requirements on the nearly unregulated crypto sector, at a time when the industry is already pushing to repeal the recently enacted reporting requirements. The time to act is now.” Treasury Clarifies Tax Reporting Rules According to the Biden administration’s proposed rules, Treasury clarifiedthe definition of a “broker” in terms of the crypto industry. It further defined how crypto companies and investors must adhere to reporting obligations and addressed the issue of whether DeFi platforms and miners need to collect their users’ personal data. Under the proposal, crypto miners are exempted from tax rules, but some DeFi platforms may not receive similar accommodations. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.bitcoininsider2023/10/13 02:10

FTX hacker moves $120M amid Sam Bankman-Fried trial: ReportThe blockchain analytics firm Elliptic didn't rule out the possibility of an FTX inside job being behind the $477 million hack. Anonymous hackers of the now-defunct exchange FTX have been moving large amounts of assets stolen from the platform, with new transactions occurring just as the ongoing trial of FTX founder Sam Bankman-Friedgets underway. As much as 72,500 Ether (ETH) of stolen assets from FTX has awakened for the first time since the exchange was hacked in November 2022, the blockchain analytics firm Elliptic reportedon Oct. 12. According to Elliptic, the thief has converted $120 million worth of ETH into Bitcoin (BTC) through the multi-chain decentralized exchange (DEX) THORSwap since Sept. 30, 2023. The first converting transactions were made just a few days before Bankman-Fried’s trial started on Oct. 3. At the time of the hack, the converted amount was worth $87 million, or 18% of the total stolen funds of $477 million. The FTX hacker applied a similar laundering technique to the one deployed soon they stole the funds when the thief transferred 65,000 ETH ($100,000) to BTC using the cross-chain bridge RenBridge in November last year. “The 180,000 ETH that was not converted to Bitcoin through RenBridge remained dormant until the early hours of Sep. 30, 2023 — by which time it was worth $300 million,” Elliptic wrote in the new report. Daily number of transactions involving FTX stolen assets. Source: Elliptic Elliptic mentioned that the FTX hacker lost $94 million in the days following the hack as the attacker rushed to launder the funds through decentralized exchanges, cross-chain bridges and mixers. Related: FTX hacker could be using SBF trial as a smokescreen: CertiK Almost a year after the hack, the identity of the FTX thief is still unknown, Elliptic noted. The blockchain analytics firm suggested three potential possibilities for who could be behind the FTX theft, including an FTX inside job, North Korea’s Lazarus Group and Russia-linked criminal groups. “Some FTX employees would have had access to the business’s crypto assets in order to move them for operational reasons. In the chaos surrounding the company’s bankruptcy and collapse, it may have been possible for an internal actor to take these assets,” the Elliptic’s report reads. Magazine: Blockchain detectives — Mt. Gox collapse saw birth of Chainalysis

Caroline Ellison Says Alameda Paid Massive Bribe to Chinese Officials To Unfreeze $1,000,000,000: ReportCaroline Ellison, close confidant of former FTX CEO Sam Bankman-Fried, says that the exchange’s trading arm Alameda Research paid a bribe to the Chinese government to unfreeze a billion dollars. In court transcripts reportedby The Inner City Press, Ellison, also the former CEO of Alameda, was probed by United States Attorneys (AUSA) regarding her chats with Bankman-Fried on messaging app Signal. Ellison reveals that Bankman-Fried insisted that all Signal chats were set to automatically delete after a certain amount of time, before admitting that Alameda paid Chinese entities to unfreeze $1 billion after being hit with a money laundering investigation. Says the transcripts, according to Inner City Press, “AUSA: Did you speak in coded terms? Ellison: Yes. When we gave a large bribe to China – our accounts were frozen in a money laundering investigation. AUSA: How much was frozen in China? Ellison: $1 billion. Sam wanted to find ways to address it. AUSA: How were they unfrozen? Ellison: Alameda paid a bribe to Chinese government officials [Lawyers for] SBF: Objection, move to strike. Judge Kaplan: I will strike that.” Ellison goes on to say that after exploring other avenues to try to unfreeze the funds, FTX executives David Ma and Constance Wang, both Chinese, were able to communicate with the officials. According to Ellison, while Wang disagreed with the idea, Ma relayed information to FTX that the money could be unfrozen if $100 million was sent to certain crypto addresses. “Ellison: Sam said Ma had found a way to get our accounts unfrozen, if we just sent to these crypto addresses, $100 million. It was November of 2021. AUSA: Did you know who the recipient was? Ellison: No AUSA: Did you have a belief? SBF’s lawyer: Objection!” In March, Bankman-Fried was chargedby the U.S. Department of Justice (DOJ) for allegedly bribing Chinese officials with $40 million, significantly less than the $100 million that Ellison described in her testimony. Don't Miss a Beat – Subscribeto get email alerts delivered directly to your inbox Check Price Action Follow us on Twitter, Facebookand Telegram Surf The Daily Hodl Mix Check Latest News Headlines Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney iFinex Launches $150 Million Share Buyback Plan to Compensate Hack Victims: ReportiFinex, the owner of popular cryptocurrency exchange network BitFinex and collaborator with Tether Holdings Ltd, reportedly unveiled a $150 million share buyback plan. This new announcement marks a significant milestone for the company’s growth, history, and efforts to make amends for its tainted history. The $150 Million Share Buyback Plan As per the reports, iFinex has offered a $10 per share buyback price for 15 million shares, representing only 9% of the network’s outstanding capital. The reports indicate that this move will help regain control over the company’s dealings. After internal calculations based on multiple business metrics, the company was valued at $1.7 billion. The iFinex stock arrangement was made available to the network’s investors in 2016, when about $71 million in Bitcoin, probably valued at $3.3 billion today, was stolen. Bitfinex adopted a unique remediation approach by providing the affected users with company shares equivalent to their losses via BnkToTheFuture. As per the statement, the company plans to buy back the shares as a sign of strong positive performance in the past few years. The buyback relies on an influx of cash from at least one of its subsidiaries. As per the reports, this buyback proposal has been extended to those shareholders who acquired the iFinex stock in the 2016 swap arrangement. As such, the invited shareholders can sell their stock holdings until October 24. The CFO of Tether and Bitfinex, Giancarlo Devasini, who also holds a director role at iFinex and some of its subsidiaries, is permitted to participate in the buyback. Several other directors at iFinex and the subsidiaries have the chance to participate. iFinex noted that by selling the shares, investors would avoid the increasing demand “to provide information to support the Bitfinex Group’s regulatory applications and to address scrutiny” while exiting the illiquid investment. iFinex and Bitfinexset no threshold for the number of shares every holder must put up for sale to be accepted. The Regulatory Conundrum Regulators have been upping their efforts to control the cryptocurrency realm. Bitfinex and iFinex have not at all been spared from the regulatory attacks. USDT, a popular stablecoin issued by Tether, has faced severe regulatoryscrutiny. Moreover, in 2021, Bitfinex and Tether faced a $42.5 million fine in the U.S. amid accusations of providing false info for reserves supporting the stablecoin. There were also claims that the exchange network illegally served U.S. clients. Despite the challenges, Tether has emerged strong, with its growth this year, beating other stablecoins and taking more market share. SPECIAL OFFER (Sponsored)Binance Free $100 (Exclusive): Use this linkto register and receive $100 free and 10% off fees on Binance Futures first month( terms). PrimeXBT Special Offer: Use this linkto register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits. Tags: BitfinexTether (USDT)

New Fidelity Digital Assets Report Advocates Bitcoin Over Gold for Portfolio DiversificationNew Fidelity Digital Assets Report Advocates Bitcoin Over Gold for Portfolio Diversification The Fidelity Digital Assets report discusses the unique features that position Bitcoin as a separate asset class, comparing it to traditional investment options like gold. Image by tiero, Adobe Stock Fidelity Digital Assets brought new light to the subject of cryptocurrency investments in its September 2023 study, focusing particularly on Bitcoin. Authored by Chris Kuiper, Director of Research, and Jack Neureuter, Research Analyst, the report meticulously dissects why Bitcoin should be considered as a standalone asset class, separate from other digital assets. Bitcoin's Unique Role in Asset Diversification "Bitcoin is better than gold," the report states, when it comes to fulfilling specific portfolio requirements. In the Fidelity report, the unique aspects of Bitcoin are highlighted in comparison to traditional investment optionslike gold and stocks. One of the salient features is its limited supply, capped at 21 million coins. This scarcity mimics the finite nature of precious metals, making Bitcoin a potential hedge against inflation. Unlike other digital assets that have indefinite supply mechanisms, Bitcoin's fixed limit sets it apart, offering an alternative for portfolio diversification. The report also speaks of Bitcoin's resistance to "innovative destruction," a term often associated with emerging technologies that lose relevance due to newer, more efficient competitors. Bitcoin has managed to remain a dominant force in the industry, despite the introduction of various other digital currencies and blockchain projects. Its decentralizednature, not governed by any single entity, gives it resilience against systemic risks that could otherwise plague centralized financial systems. Fidelity’s Perspective on Bitcoin as a Store of Value Fidelity's report delves deeper into Bitcoin's role as a store of value as well, asserting that its mathematical underpinning and cryptographic security features give it a distinct advantage. While gold has been the traditional go-to asset for storing value, Bitcoin offers certain technological advantages that cannot be ignored. For instance, it can be easily transferred across borders without the need for intermediaries, and its ownership can be proven unequivocally thanks to blockchain technology. "It appears at this point that Bitcoin has found a role in the digital asset ecosystem as a scarce, store of value asset at the very least," the report states. Fidelity also highlights the importance of Bitcoin's underlying technology, such as the use of the SHA-256 cryptographic algorithm, which provides a robust layer of security. Additionally, Bitcoin transactions are irreversible, ensuring that once a transfer has taken place, it cannot be undone. This feature provides a level of transactional integrity unparalleled by traditional financial systems. Regulatory Landscape: A Double-Edged Sword Regulatory considerations are an important aspect of any financial market, and the crypto industry is no exception. The Fidelity report emphasizes that while regulatory scrutiny can be a hurdle, it can also serve as a catalyst for attracting mainstream investors. In countries where regulations have been clarified, the inflow of institutional money into Bitcoinand other cryptocurrencies has been substantial. "Regulatory measures can drive away the bad actors," the Fidelity report notes, "while providing a framework that attracts mainstream investors." The report suggests that a well-defined regulatory framework could drive away bad actors, enhancing the market's reputation. Regulatory measures, such as Anti-Money Laundering(AML) and Know Your Customer(KYC) procedures, can help in making the crypto space more secure and trustworthy, potentially attracting more risk-averse investors. Long-Term Viability: Risks and Rewards While the Fidelity report is generally optimistic about Bitcoin's prospects, it doesn't shy away from discussing potential risks. Volatility is still one of the biggest concerns, with Bitcoin's price subject to rapid fluctuations. Additionally, the report discusses the potential for technological obsolescence. Bitcoin operates on relatively older blockchain technology, and there's always the risk that a more efficient or secure technology could displace it. However, the report also touches upon Bitcoin's first-mover advantageand the strong community of developers and miners that back it. This combination of early market entry and robust support gives it a unique standing in the market, contributing to its long-term viability. The report suggests that as long as this community continues to innovate and improve the Bitcoin network, its position as a valuable digital asset is likely to be sustained. The Fidelity Digital Assets report makes a strong case for considering Bitcoin as a separate asset class. This differentiation from other digital assets is critical, as each asset class carries its unique risks and rewards. While the report is an important contribution to the ongoing discourse, it also opens up avenues for future research.Hamas Reportedly Used Crypto to Finance Attacks; Israeli Officials Freeze Assets on BinanceSummary Hamas used Binance to fund its attacks on Israel, the exchange says it fully cooperates. Palestinian accounts are unaffected, only those directly linked to terror organisations. Hamas is officially designated a terrorist group, requiring all financial institutions and crypto exchanges to comply with authorities. Binance faces its own legal challenges in several jurisdictions. As Hamas attacked Israel over the weekend, followed by Israel’s declaration of war, reports indicate that security forces have struggled to keep pace with terrorist funding. According to theTimes of Israel, Israel Police’s Lahav 433 unit, together with the National Bureau for Counter-Terror Finance (NLCTF) and the Ministry of Defence, the Shin Bet, has frozen several crypto wallets belonging to the terrorist organisation. Binance Working Around the Clock to Assist Sourcessuggestthat Hamas had accounts on Binance, and the exchange cooperated with the authorities. A police statement read, “The Cyber Unit and the NLCTF immediately embarked on locating the accounts and freezing them, with the assistance of the Binance crypto exchange, in order to redirect the funds to the state treasury.” Reutersreportedthat approximately 190 crypto accounts on Binance have been seized since 2021. At least two accounts were linked to Islamic State and Hamas-affiliated companies in Palestine. Binance released a statement indicating their close collaboration with law enforcement in combating terror financing. A spokesperson added, Over the past few days our team has been working in real time, around the clock, to support ongoing efforts to combat terror financing. Binance Spokesperson Hamas is The Target not People of Palestine Hamas is a terrorist organization under United Nations Security Council Resolution 1373, which has significant implications for banks and financial institutions. Yi He, co-founder of Binance, clarified that Hamas is not synonymous with Palestine, and Palestinian accounts have not been affected. He emphasized that all exchanges must comply with authorities concerning terror-related financing. Heexplained, “Palestine has an organised government. Hamas is a local militant group. They kill civilians; that’s the problem. Therefore, any organisation, including banks and trading platforms, will need to cooperate on the receipt of freeze requests. This is not something Binance can decide on its own.“ Binance Facing Legal Challenges Binance is currently involved in a legalbattlewith the United States Securities and Exchange Commission (SEC) over allegations of selling unregistered securities. In March 2023, the U.S. Commodity Futures Trading Commission (CFTC) also accused Binance of violating the Commodity Exchange Act (CEA) and CFTC regulations. Additionally, a secretfilingin August in the SEC vs. Binance case has raised some suspicions regarding potential criminal investigations by the U.S. Department of Justice (DOJ). More pressure on Binance "The CFTC claims Binance knew it had facilitated potentially illegal activity, including with the Islamic militant group Hamas. The complaint says Lim received information in February 2019 “regarding Hamas transactions” on Binance" https://t.co/qLGWNW74iH — Tom Richardson. (@tommyr345) October 10, 2023 In internal communications, Binance’s head of compliance, Samuel Lin, commented that small transactions by groups like Hamas were not of significant concern. This was in response to Binance receiving information about Hamas conducting transfers on the platform. Lin noted at the time that only larger amounts of money would fall under money laundering provisions. He said, ” [terrorists] can hardly buy an AK47 with $600.”

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