Israeli officials seized 30 crypto wallets from 12 exchange accounts related to Hamas, a terrorist organisation located in the Gaza Strip, on Monday.
Exchange of cryptocurrencies Al-Mutahadun was in possession of the wallets containing 12 accounts purportedly used by Hamas leaders to fund terrorist attacks against Israel. According to the Times of Israel, Israel’s Defence Ministry announced on Feb. 28 that al-Mutahadun had aided Hamas’ military branch “by transmitting finances worth tens of millions of dollars every year.”
Although the exact sum of the seizures and the crypto assets confiscated are unknown, Israeli officials think Hamas uses “tens of millions of dollars” in cryptocurrency to pay its military. In a statement released on February 28, Israeli Defense Minister Benny Gantz declared.
Since 2019, when economic sanctions began seriously limiting Hamas’ ability to combat Israel, it has accepted cryptocurrency donations.