Justice Department seizes more than $560,000 in cryptocurrency donations for Hamas
Summary
The U.S. Justice Department announced it seized over $560,000 in cryptocurrency donations meant for Hamas, the militant group. Along with the funds, authorities took control of websites and communication platforms used for Hamas fundraising and recruitment.Key Facts
- The FBI seized more than $560,000 in cryptocurrency donations designated for Hamas.
- Authorities took over website domains and communication channels used for raising money and recruiting members.
- Hamas began using virtual currency fundraising around early 2019 through its military wing, the Qassam Brigades.
- Hamas promoted the use of cryptocurrency because it was believed to be untraceable, offering instructions for anonymous donations.
- The FBI identified a network collecting virtual currency donations after a tip from a confidential source in the U.S. last year.
- The Justice Department stated it will continue efforts to stop terrorist groups from using digital money to finance operations.
- U.S. Attorney Jeanine Pirro said that Hamas’ networks and cryptocurrency are vulnerable to law enforcement actions.
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