Posted on 03/30/25
| News Source: JPost
The US Justice Department seized $201,400 in cryptocurrency and a network of digital wallets intended for the support of Hamas, the department’s Office of Public Affairs announced.
An encrypted group chat claiming association with Hamas allegedly provided donors with a shifting set of at least 17 cryptocurrency addresses, with funds reportedly sent to a wallet and laundered through a series of virtual currency exchanges and transactions by financiers and brokers, according to the Thursday press release.
It was alleged that over $1.5 million in cryptocurrency had been laundered for Hamas through this system since October.
An account valued at $89,900 and three more totaling about $111,500 were seized in the FBI Albuquerque field office-led investigation. The accounts were registered in the names of Palestinians living in Turkey and other locations.
FBI Counterterrorism Division Assistant Director David J. Scott said, “Disrupting funding mechanisms and seizing cryptocurrency from Hamas is one of the FBI’s many tools that we use in the fight against terrorism.”