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.