A set of 30 crypto wallets from 12 exchange accounts based in the Gaza Strip that have been linked to Hamas were seized by Israeli authorities.
on Monday that Israel’s Defense Ministry said that al-Mutahadun has helped Hamas’ military wing “by transferring funds amounting to tens of millions of dollars a year.”
The exact value of the seizures and which crypto assets specifically were seized is not yet clear; however, Israeli officials believe Hamas uses “tens of millions of dollars” in crypto to fund its military. In a statement Monday, Israeli Defense Minister Benny Gantz said: “We continue to expand our tools to cope with terrorism and the companies supplying it with the economic oxygen pipeline.”
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