Reported by WSJ, the recent attack on Israel by Hamas reportedly may have been funded in part by cryptocurrency.
A review of Israeli government seizure orders and blockchain analytics reports revealed that Hamas and two other militant groups — Palestinian Islamic Jihad (PIJ), which joined Hamas in the assault, and Hezbollah — received significant amounts of funds through digital currencies in the year leading up to the attack.
Digital currency wallets linked to PIJ received as much as $93 million in crypto between August 2021 and June 2023, the report said, citing analysis by crypto researcher Elliptic. Similarly, wallets connected to Hamas received about $41 million over a similar time period, according to BitOK.
Hamas has been publicly seeking funds in crypto since at least 2019, using its Telegram channel to ask supporters to donate bitcoin, per the report.
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