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    Home»Crypto News»US Justice Division Seizes $201K in Crypto Earmarked for Hamas – Decrypt
    US Justice Division Seizes 1K in Crypto Earmarked for Hamas – Decrypt
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    US Justice Division Seizes $201K in Crypto Earmarked for Hamas – Decrypt

    By Crypto EditorMarch 27, 2025No Comments2 Mins Read
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    US Justice Division Seizes $201K in Crypto Earmarked for Hamas – Decrypt

    The U.S. Division of Justice has seized $201,400 in cryptocurrencies earmarked for Palestinian militant group Hamas, the company introduced on Thursday. 

    Authorities took management of a cryptocurrency pockets holding $89,900, along with three accounts holding digital belongings price $111,500, the Justice Division mentioned Thursday in an announcement. The pockets addresses have been used to launder greater than $1.5 million in digital currencies for Hamas since October 2024.

    “These seizures present that this workplace will search excessive and low for each cent of cash going to fund Hamas, wherever it’s discovered, and in no matter type of foreign money,” U.S. Legal professional Edward R. Martin Jr. for the District of Columbia mentioned Thursday within the assertion. 

    Because the early 2010s, cybercriminals and militant teams have used privacy-focused blockchain applied sciences and cryptocurrencies to launder their ill-gotten positive factors and finance their operations. However over the previous few years, U.S. authorities have cracked down on the follow, irritating dangerous actors’ makes an attempt to function undetected. 

    In response to the DOJ, a gaggle chat with alleged ties to Hamas enabled Hamas supporters to donate cryptocurrencies to at the least 17 pockets addresses via an encrypted communications platform. Financiers and over-the-counter brokers laundered the funds via a number of crypto exchanges. 

    It isn’t instantly clear which crypto exchanges had been used for the alleged cash laundering.  

    The Justice Division didn’t instantly reply to Decrypt’s request for touch upon the matter. 

    The FBI Albuquerque subject workplace assisted within the newest investigation. 

     “Disrupting funding mechanisms and seizing cryptocurrency from Hamas is among the FBI’s many instruments that we use within the combat in opposition to terrorism,” Assistant Director David J. Scott of the FBI Counterterrorism Division mentioned. 

    The DOJ will not be the one company that has cracked down on campaigns to fund Hamas and different militant teams. Between 2021 and 2023, Israeli counter-terrorist authorities seized dozens of digital asset accounts with suspected ties to Hamas and two with alleged connections to Daesh, also referred to as ISIS, Reuters reported, citing folks accustomed to the matter.  

    Edited by James Rubin

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