69-year-old Israeli woman makes a fortune on Bitcoin, but the bank cannot transfer money

By: Maksim Panasovskyi | 25.11.2021, 15:00
69-year-old Israeli woman makes a fortune on Bitcoin, but the bank cannot transfer money

A pensioner from Israel bought several Bitcoin coins in 2013, spending just over $ 3,000. Eight years later, the value increased by two orders of magnitude, but the bank does not allow the woman to withdraw money.

What is known

Esther Freeman, 69, invested $ 3,240 (10,000 shekels) in cryptocurrency in 2013, following the advice of her son and nephew. Now her Bitcoin is estimated at about $ 340,000, but the Israeli Bank Hapoalim, whose client the woman has been for 40 years, refuses to accept payments from the cryptocurrency platform.

The bank says that Bitcoin was purchased in 2013 for cash, the origin of which cannot be confirmed. Bankers claim that after the purchase of Bitcoin, the cryptocurrency was transferred between several accounts without specifying the reason for the transaction.

The bank noted that often such operations are carried out for the purpose of money laundering and terrorist financing. The Israeli woman claims that she has never dealt with these and is now trying to get her money through the courts.

A source: CryptoPotato