Hamas raised large amounts of money through cryptocurrencies in the year before attacking Israel.
According to the Wall Street Journal, Hamas, the Palestinian Islamic Jihad Movement and Hezbollah have been raising funds through cryptocurrencies for more than a year.
Cryptocurrency addresses that Israeli authorities associate with the Palestinian Islamic Jihad Movement were visited between August 2021 and June 2023, according to Elliptic data. $93 million Cryptocurrency entry occurred.
According to BitOK, another Tel Aviv-based research firm linked to Hamas in a similar time frame to wallets. $41 million Cryptocurrency entered.
All three groups, defined as terrorist organizations by the United States, are sanctioned by the Treasury Department and have limited access to the international banking system.
Researchers found that cryptocurrencies sent to organizations Whether it was used to fund an attack on Israel can’t be sure. It is not known how much of these cryptocurrencies the authorities in Israel confiscated.
In June, some crypto money belonging to Hezbollah was seized, Israeli Defense Minister Yoav Gallnat said “it is not an easy job” he said.
In its recent statement, Israeli police announced that a group of cryptocurrency addresses were frozen in cooperation with Binance.