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The original was posted on /r/worldnews by /u/DoremusJessup on 2023-10-15 16:17:15.
Original Title: A crackdown on cryptocurrency accounts linked to Hamas has reignited scrutiny of digital assets after the terrorist group attacked Israel. Criminal and terrorist organizations use crypto to bypass laws and sanctions
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
Even so, reports show Hamas received a significant amount of funding in the form of cryptocurrency in the years leading up to the terrorist organization’s latest brutal attack on Israel.
The Palestinian Islamic Jihad (PIJ), whose militants joined Hamas in carrying out the attack, received another $93 million in cryptocurrencies, according to London-based crypto researcher Elliptic.
“The reality of jihad is the expenditure of effort and energy, and money is the backbone of war,” Hamas wrote in a post, attaching a wallet address that received about $30,000 in bitcoin that year.
Following the October 7 attack, Israeli authorities announced they had frozen several Hamas-linked cryptocurrency accounts, saying the group had organized another call for fundraising on social media.
In recent years, authorities have attempted to seize cryptocurrency held on dozens of Hamas-linked Binance accounts, according to reports from the Wall Street Journal.
“It’s alarming and should be a wake-up call for lawmakers and regulators that digital wallets connected to Hamas received millions of dollars in cryptocurrencies,” US Senator Elizabeth Warren wrote on X, formerly Twitter.
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