The Wall Street Journal: Hamas has raised "tens of millions of dollars" through cryptocurrency

2023-10-11 12:29:03

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ChainCatcher news, according to The Wall Street Journal, after reviewing the Israeli government's seizure orders and blockchain analysis reports, it was found that Hamas, the Palestinian Islamic Jihad (PIJ), and Hezbollah raised a significant amount of funds using cryptocurrency over the past year.

Cryptocurrency research firm Elliptic analyzed that Israel believes digital currency wallets associated with PIJ received $93 million in cryptocurrency from August 2021 to June last year. Virtual currency analysis company BitOK also identified that approximately $41 million flowed into wallets related to Hamas during the same period, and it has not yet been confirmed whether the cryptocurrency they received was directly used to fund the recent Israeli attacks. The amount of cryptocurrency seized by Israeli authorities from the wallets is also unknown.

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