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FBI Seizes Over $200,000 in Cryptocurrency Linked to Hamas
The FBI seized over $200,000 in cryptocurrency linked to Hamas, a designated terrorist organization. Key points include:
- More than $1.5 million has passed through the seized wallets since October 2022, primarily from global donations.
- Approximately $90,000 was taken from various wallets and $112,000 from three exchange accounts registered to Palestinian individuals in Turkey and other locations.
- Seizures aim to disrupt Hamas financing efforts, as stated by U.S. Attorney Edward R. Martin Jr.
- The U.S. Treasury has previously sanctioned Hamas-linked financial networks and facilitated crypto transfers, with Israel also seizing numerous accounts tied to Hamas.
- Hamas has utilized cryptocurrency for financial transactions since at least 2020 to avoid cash transport risks and evade monitoring.