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Massachusetts Sen. Elizabeth Warren is at it again. With mainstream press outlets including Germany’s Deutsche Welle running sensationalist headlines — “How cryptocurrency fueled Hamas’ terrorist attack” — Warren is using Hamas’ attack on Israel to fuel her own war on cryptocurrency.Crypto’s role in the conflict came into focus on Oct.
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The United States Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, issued an alert for financial institutions as part of efforts to identify “suspicious activity” related to funding terrorist groups.In an Oct. 20 notice, FinCEN said that the militant group Hamas — behind the Oct. 7 attack on Israel —
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Reports of tens of millions of dollars in crypto going to fund Palestinian operations in Israel are likely “overstated,” Chainalysis said. The forensics outfit published a blog post arguing that flows of crypto financing to Hamas and affiliated groups have become inflated far beyond reality. While acknowledging that it was
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The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has sanctioned a crypto operator allegedly connected to the terrorist group Hamas.In an Oct. 18 notice, OFAC announced sanctions for Hamas operatives and financial facilitators following the organization’s attack on Israel. The entities added to
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Buy Cash , previously tied to wallets seized by Israel’s National Bureau for Counter Terrorist Financing in 2021, is accused of "having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Hamas," according to the Treasury. The business included
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The use of cryptocurrency by Hamas militants to fund recent attacks on Israel may have set back Coinbase’s crypto lobbying efforts in the United States, says a new investment report from Berenberg Capital Markets. In an Oct. 18 research note, Berenberg lead analyst Mark Palmer said the primary driver of his
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Since Hamas stormed into Israel 10 days ago, triggering a war and a siege of the Palestinian enclave of Gaza, Israeli law enforcement has been working with the public and crypto firms to block fund flows to the group, classified as a terrorist organization by the U.S., U.K. and many
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Reports this week about multi-million dollar Hamas crypto financing may have left a faulty impression. Original Source
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The bill was co-sponsored by Sen. Joe Manchin (D-W.V.), who has often occupied a middle ground between the parties on important legislative issues, and Republican Sens. Roger Marshall (R-Kan.) and Lindsey Graham (R-S.C.). And Warren later gathered additional support from Sen. Dick Durbin (D-Ill.), chairman of the Judiciary Committee, and
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CryptoX reported this June that Hamas’ militant wing, Izz ad-Din al-Qassam Brigades, had received up to $100,000 in bitcoin (BTC) since the beginning of 2021 – with a spike in donations in May, when Israel and Hamas exchanged rocket attacks. Binance was at the center of the transactions, according to
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