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#Hamas Received $41M In #CryptoDonations Over 3 Years, Israel Moves To Seize Wallets

Hamas earned a remarkable $41 million in bitcoin donations between August 2021 and June 2023, according to Elliptic, a #blockchain analytics company, according to the Wall Street Journal.

The information was provided by the forensics business Elliptic and the Tel Aviv software firm #BitOK , and it indicated the rising fear that cryptocurrencies are being utilised as a source of funding for organisations and countries that operate outside the U.S.-controlled international banking system.

Yoav Gallant, the Israeli defence minister, stated in a Wall Street Journal interview that solving this problem would not be simple, saying, "This is not an easy task."