Crypto Exchanges caught in Israel v Hamas war

     Crypto is established as an economic technology; the situation is such that it has also started being used in war, and exchanges are becoming its carriers.

Hamas, Exchange, and Dispute 

     Hamas is using crypto via the centralised exchanges Poloniex, Huobi, Binance, Bitfinex (Tether), Bittrex, and CEXIO. Now, all the exchanges are under pressure; if they take action, then the Muslim parties will get angry; if they do not, then other parties will get angry.

Binance and Tether Acted

     Binance and Tether took a middle path by freezing Hamas accounts while also making it clear that no ordinary Palestinian would be blocked. Other exchanges are still silent, due to which they have come into controversy, and the US and EU might take action against them.

Public Controversy

     Exchanges are facing public outcry over the controversy. Freezing Hamas accounts restarted the "Not Your Keys" theory against exchanges. Exchanges are also targeted for the ghosts of their past or present, for example, CEXio for its links to Silvergate and CFP fraud, Huobi and Poloniex for Justin Sun, etc.

Brought to you by Yugocean, originally posted here