According to an investigation by blockchain forensic firm Global Ledger, four major cryptocurrency exchanges, including Binance and Gate.io, received a total of $78 million in Tether's stablecoin (USDT) through "indirect transactions" linked to a company sanctioned by Israel for allegedly aiding Hamas. The company in question, known as El-kahira for General Trading, is accused of providing substantial assistance to the terrorist organization. Binance received the largest share of the funds, with $46.9 million, followed by OKX ($17.7 million), Huione Pay ($11 million), and Gate.io ($8.7 million). It is unclear if the platforms froze the funds, and there has been no response from the exchanges mentioned in the report. The investigation also highlighted transactions involving Garantex, a Russian-linked exchange sanctioned by the U.S. Treasury, with over $2.1 million received from Garantex and approximately $1.2 million transferred to it.



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