The armed wing of Hamas no longer wants to accept Bitcoin donations (report)

The armed wing of Hamas no longer wants to accept Bitcoin donations (report)

The armed wing of the alleged terrorist organization Hamas-Al-Qassam brigades-is reportedly no longer received from concern for the security of the donors.

The Israeli authorities have previously estimated that the company has financed some of its military campaigns through cryptocurrencies. The Ministry of Defense has confiscated over 100 digital wallets in recent years.

Return to traditional methods

A local media company reported that the military wing of the Islamic resistance movement is no longer obtained via Bitcoin that has been organized since Years used. The main reason for the step seems to be improved donor protection.

"This happens out of concern for the security of the donors and to save damage," said al-Qassam Brigades.

gaza economist mohammad Abu jayyab believes has hired crypto donations that Israel's authorities fear the people could identify that in this way transferred money or could reach their wallets. He also suggested that the al-Qassam brigades aimed to overcome traditional financing methods or find more advanced options.

according to numerous countries, including the United States and the United Kingdom, Hamas is a terrorist group, which means that it is illegal to grant its money, training or any kind of military support.

The US authorities stopped the joint attempt by Hamas, Al-Qaida and the Islamic State to obtain funds on digital assets, and confiscated Krypto worth $ 2 million in 2020.

According to Reuters, the Palestinian organization received most Bitcoin donations from the Muslim world, most of which support their struggle against Israel.

Israel's counterattack

Over the years have claimed that Hamas has used cryptocurrencies such as Bitcoin, Ether, Dogecoin and Tether in their terrorist actions. Israel's National Bureau for Counter-Terror Financing carried out a successful operation against the group in 2021. confiscated 84 associated digital wallets.

The provider of blockchain analyzes-elliptic based in London-found that these addresses received crypto worth over $ 7.7 million. However, it pointed out that not all funds should be associated with terrorism:

"Some of the addresses are part of larger services, and not all of these funds may be associated with terrorism. When calculating this number, we have excluded funds that have been sent to addresses that are known from which they are used by services such as stock exchanges to receive deposits from several users."

The Israeli Ministry of Defense came together with the police and the military to carry out another operation against Hamas a year later. The collaboration confiscated 30 cryptocurrency wallets of 12 accounts of al-Mutahadun: an exchange that has supposedly finance the Palestinian entity.

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