US DOJ seized $201,400 in cryptocurrency linked to Hamas for terrorism financing
From Cointelegraph
March 27, 2025 6:51 pm:
The US Justice Department seized $201,400 in cryptocurrency linked to Hamas, used to launder over $1.5 million since October 2024. The funds are held in at least 17 wallets. In January 2024, sanctions were imposed on networks and facilitators of Hamas-linked crypto transactions by the US, UK, and Australia. Binance faced a lawsuit over allegations of providing assistance to terrorists. The exchange settled for $4.3 billion with the DOJ in November 2023.
Hamas has allegedly sought cryptocurrency donations since 2019, with the scale of these efforts unclear. US officials are concerned about terrorist organizations using crypto for fundraising and question the need for more regulation in the industry. A 2023 Chainalysis report shows that terrorism financing accounts for a small portion of crypto usage, with illegal groups primarily using traditional, fiat-based methods.
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