Not long after Israeli police seized cryptocurrency wallets allegedly linked to Hamas following a terrorist attack over the weekend, the cryptocurrency community came under fire after the US government accused Ripple and others in connection with terrorist financing. XRPHe expressed his concerns when he mentioned .
US State Department cryptocurrency units and their potential use by criminals, including terrorist groups. Bitcoin With specific mention of (BTC) and Ripple, aka XRP, members of the XRP community, especially wEeZiE, aka NerdNationUnbox, shared their displeasure on October 13.
Controversial Statements
Specifically, the controversial part of the government statement reads as follows:
Terrorist financiers and other criminals exploit the formal financial system, new payment methods such as bitcoin and Ripple, traditional value transfer methods such as hawala, trade-based money laundering, and cash couriers.
NEWS CONTINUES BELOW
In response to these claims, user
Thereupon, wEeZiE established the connection between US Secretary of State Anthony Blinken and the crypto investment firm Genesis, pointing out that Blinken’s father is one of the founding partners of the global private equity firm Warburg Pincus, and said, “How strange is 1 out of 2 investors in Genesis?” .
From the “SECRETARY OF STATE” website. When speaking about crypto the 2 are always mentioned #BTC oath #ETH except when you’re trying to trash the industry, then you mention “Ripple”.
The Secretary of State is Anthony Blinken… his father cofounded Warburg Pincus who is 1 of 2… pic.twitter.com/CpD5MyXPEr
— wEeZiE X💭FireGaryGensler (@NerdNationUnbox) October 12, 2023
Indeed, Genesis has received a lot of criticism for being involved in multiple scandals, and recently announced a suspension of customer withdrawals following an agreement to pay $175 million to Alameda Research, affiliated with collapsed crypto exchange FTX, prompting objections from various parties.
Israeli police managed to freeze and seize Binance crypto accounts that were allegedly linked to Hamas and used to finance the terrorist organization’s activities. In March, the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance CEO, accusing him of allowing Hamas to trade on his platform.
Meanwhile, the XRP token is trading at $0.48 at press time, up 0.92% in the last 24 hours, down 7.1% in the previous seven days, and gaining 0.46% on its monthly chart as of the latest data on October 13. sees.