Hamas And Hezbollah Pick Tron Instead Of Bitcoin In Crypto Shift, Report
TRON (TRX), a blockchain-based digital platform, has surpassed Bitcoin (BTC) as the platform of choice for financial transfers by groups such as
Read MoreTRON (TRX), a blockchain-based digital platform, has surpassed Bitcoin (BTC) as the platform of choice for financial transfers by groups such as
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Read MoreTo obscure the money trail, the exchanges often changed the wallet addresses they used each day, and sent funds through mixers, Israeli officials said.”Intelligence chiefs say hawala networks – informal remittance systems – have funneled millions of dollars from Iran to Hamas’s military wing and that the wallets identified and
Read More"Congress must understand the size, scope, and duration of Hamas’s digital asset operations, as well as whether the United States has had success in seizing illicit digital assets," the letter said. "It is important to understand the scope of Hamas’s digital assets fundraising campaign in the context of its traditional
Read MoreThe Wall Street Journal (WSJ) has partially corrected an article whic mischaracterized the extent to which Hamas and other militant groups have been funding its terrorism activities with cryptocurrencies.The Oct. 10 article — titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto” — cited blockchain forensics firm Elliptic to
Read MoreToday, Brown, who heads the powerful Senate Banking Committee, called for additional action against financing of terrorism, including cryptocurrency, and it seems many members of Congress are now willing to believe that the mere existence of cryptocurrency is a boon to people who kill and maim. Last week, following the
Read MoreU.S. lawmakers Senator Cynthia Lummis (R-Wy.) and Rep. French Hill (R-Ark.) have urged the Department of Justice to "expeditiously conclude" investigations and reach a decision on charging Binance and Tether for aiding terrorism financing for Hamas. Source
Read More"The most prominent public crypto fundraising campaign has been operated by Gaza Now, a pro-Hamas news organization," according to Elliptic. "However, only $21,000 in cryptocurrency has been donated since October 7th, and thanks to the efforts of crypto businesses and researchers, much of this has been frozen." Source
Read MoreBlockchain forensic firm Elliptic says there’s “no evidence” that Hamas is receiving a significant volume of cryptocurrency donations to fund its attacks against Israel.“There is no evidence to support the assertion that Hamas has received significant volumes of crypto donations,” Elliptic said in an Oct. 25 statement. The amounts raised
Read MoreBlockchain analytics provider Elliptic refuted claims made in a Wall Street Journal article that misinterpreted its data and incorrectly said Hamas raised millions in cryptocurrencies. Elliptic’s rebuttal is a response to an article from the Wall Street Journal (WSJ) titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto” and similar
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