The Israeli government has seized 30 cryptocurrency wallets from a small exchange in Gaza, where Hamas terrorists have strengthened its army. The wallets were tampered with on Monday from 12 exchange accounts related to Hamas, a terrorist organization based in the Gaza Strip. As Kriptokoin.com, we are providing the details…
Israeli authorities seized Hamas-linked crypto currency accounts
Crypto exchange Al-Mutahadun, allegedly used by Hamas officials to finance terrorist attacks against Israel 12 He owned the wallets, including the account. According to the Times of Israel, the Israeli Ministry of Defense announced on February 28 that al-Mutahadun had helped Hamas’ military branch “by transferring tens of millions of dollars worth of financial resources each year.” While the exact sum of cryptocurrencies of those seized is unknown, Israeli officials speculate that Hamas used “tens of millions of dollars” in cryptocurrency to pay its military. On February 28, Israeli Defense Minister Benny Gantz said:
We continue to develop our capabilities to combat terrorism and the businesses that supply it with economic oxygen. Law enforcement agencies and institutions around the world, such as
BNY Mellon, are increasingly monitoring cryptocurrency transactions to identify and prosecute financial crimes. However, according to Chainalysis, a blockchain transaction monitoring service, only a small percentage of cryptocurrencies are used in illegal behavior. It has been accepting cryptocurrency donations since 2019, when economic restrictions began to severely limit Hamas’ capacity to fight Israel.
Wallets confiscated with help from Israel National Counter-Terrorism Finance Bureau (NBCTF)
Last July NBCTF, Tether (USDT), Ethereum (ETH), Dogecoin (DOGE), XRP, Binance Hamas-linked wallets containing Coin (BNB), Zcash (ZEC), Litecoin (LTC) and cryptocurrencies were seized. According to crypto monitoring firm Cyphertrace, the coins seized in July were used by the Hamas military unit, the Al Qassam Brigades.
Using crypto for charitable purposes is not limited to sponsoring terrorists. Supporters of the Freedom Convoy in Canada and Ukraine’s anti-Russian opposition movement received millions of dollars in crypto donations in the first two months of 2022. At the request of the Capital Markets, Insurance and Savings Authority, cryptocurrency exchange Binance stopped its services and marketing to Israelis last month. The ban is expected to last as long as the authority reviews Binance’s business license in the country.
12338
