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Hamas terrorists were sent millions in crypto before Israel attack

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https://uk.finance.yahoo.com/news/hamas-militants-were-sent-millions-171241777.html

https://www.telegraph.co.uk/business/2023/10/11/hamas-militants-millions-crypto-israel-terrorist-attack/

Hamas and its allies were sent hundreds of millions of pounds’ worth of cryptocurrencies in the months before the terrorist group’s attacks on Israel.

More than $134m (£108m) was transferred to cryptocurrency accounts controlled by Hamas and the allied Palestinian Islamic Jihad (PIJ) group during the first half of 2023, according to analysts.

Hamas launched a large-scale terrorist attack on Israel on Saturday, which has left more than a thousand people dead. Questions have been raised about how the group was able to organise and fund the complex attack.

Analysis of blockchain records shows around $93m (£75m) of cryptocurrency was transferred to the PIJ alone between August 2021 and June this year, according to cryptocurrency analysis company Elliptic.

Hamas raised about $41m in crypto tokens over the past 18 months, according to figures from Tel Aviv-based crypto tracing company BitOK that were first reported by the Wall Street Journal.

Cryptocurrency has been used by Hamas and other terrorist organisations to evade global financial sanctions.