According to WSJ, before Hamas launched its attack against Israel, cryptocurrency It has generated millions of dollars through and finances its operation with revenue from cryptocurrencies.
Three groups, Hamas, Palestinian Islamic Jihad and their Lebanese ally Hezbollah, had been operating in the year before the attacks, according to Israeli government seizure orders and blockchain analysis reports. cryptocurrency received large amounts of funds through
At this point, leading crypto researcher Elliptic reported that cryptocurrency wallets affiliated with the Palestinian Islamic Jihad group received $93 million worth of cryptocurrencies between August 2021 and June 2023.
BitOK Research stated that Hamas-related crypto wallets received approximately $41 million worth of cryptocurrencies between December 2021 and June 2023.
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