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4w ago

U.S. Justice Department Seizes $201,400 in Cryptocurrency Linked to Hamas

The disruption of a $1.5 million laundering scheme highlights ongoing efforts to dismantle terrorist financial networks.

A pro-Palestinian activist waves a large Palestinian flag on Pennsylvania Avenue in front of the White House during a demonstration protesting the war in Gaza on June 8, 2024 in Washington, DC. (Photo by Samuel Corum/Getty Images)
doj ISIS israel hamas crisis crypto exchanges U.S. seizures

Overview

  • The U.S. Department of Justice announced the seizure of $201,400 in cryptocurrency tied to Hamas' fundraising and laundering operations.
  • Hamas raised and laundered over $1.5 million in virtual currency since October 2024, using at least 17 cryptocurrency addresses shared via encrypted platforms.
  • The seized funds included $89,900 from cryptocurrency addresses and $111,500 from accounts registered to Palestinian individuals in Turkey and other locations.
  • The FBI's Albuquerque Field Office, in collaboration with its Counterterrorism and Cyber Divisions, traced and seized the funds through advanced investigative techniques.
  • Officials emphasized that disrupting Hamas' financial networks weakens its operational capacity and reinforces the use of financial tools in counterterrorism efforts.