BusinessPostCorner.com
No Result
View All Result
Thursday, June 19, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

US Government Seizes Crypto Funds Allegedly Earmarked for Hamas

March 28, 2025
in Crypto News
Reading Time: 2 mins read
A A
0
US Government Seizes Crypto Funds Allegedly Earmarked for Hamas
ShareShareShareShareShare

The US Justice Department announced Thursday that it has seized $201,400 in crypto traced to fundraising addresses controlled by Hamas, marking a targeted strike against the group’s financing network.

According to a statement, investigators identified the seized funds as Tether (USDT) that flowed through addresses used to launder more than $1.5m in virtual currency since Oct. 2024. The funds were earmarked for Hamas’ operations, officials said.

Court documents reveal that an encrypted messaging group claiming affiliation with Hamas provided supporters worldwide with at least 17 rotating crypto addresses. Donors sent digital currency into a central operational wallet, which was then laundered via a chain of virtual‑currency exchanges and over‑the‑counter brokers.

Justice Department Disrupts Hamas Terrorist Financing Scheme Through Seizure of Cryptocurrency

: https://t.co/oEG6Ps4Lbz pic.twitter.com/wB5HVAJd8A

— National Security Division, U.S. Dept of Justice (@DOJNatSec) March 27, 2025

Legal Action Targets Crypto Accounts Tied to Terror Funding

“Hamas is responsible for the deaths of many US and Israeli nationals, and we will use every legal tool at our disposal to stop their campaign of terror and murder,” said US Attorney Martin.

“These seizures are but one illustration of the determination of this office and the Department of Justice to shut off the flow of funds to this group, and to locate every cent intended to support their activities, no matter what form it takes.”

The recent action included one cryptocurrency address valued at about $89,900. Three additional accounts held roughly $111,500. All of these accounts were registered in the names of Palestinian nationals. Those individuals allegedly live in Turkey and other countries.

Global Crackdown Intensifies on Hamas’ Crypto Networks

This move builds on a broader effort by US and international authorities to disrupt Hamas’ financial networks. Over the past several years, the US Treasury Department has imposed sanctions on facilitators linked to Hamas.

Allied governments have also sanctioned Hamas‑linked cryptocurrency accounts. Meanwhile, Israel’s National Bureau for Counter Terror Financing has seized tens of millions of dollars in digital assets.

In Jan. 2024, families of victims of Hamas’s Oct. 7, 2023 attack on Israel sued crypto exchange Binance. They allege the platform aided terrorist financing, a claim Binance denies.

Also last year, US and UK sanctions targeted the online outlet Gaza Now for soliciting crypto donations to benefit Hamas.

The post US Government Seizes Crypto Funds Allegedly Earmarked for Hamas appeared first on Cryptonews.


Credit: Source link

ShareTweetSendPinShare
Previous Post

What Brands Can Learn from Liquid Death’s UK Exit

Next Post

China’s Xi Jinping meets foreign CEOs to urge trade stability

Next Post
China’s Xi Jinping meets foreign CEOs to urge trade stability

China’s Xi Jinping meets foreign CEOs to urge trade stability

Senate Republicans release revised tax cuts and debt limit bill

Senate Republicans release revised tax cuts and debt limit bill

June 17, 2025
US Senate Passes First Major Stablecoin Regulation Bill — Here’s What Happens Next

US Senate Passes First Major Stablecoin Regulation Bill — Here’s What Happens Next

June 18, 2025
Donald Trump sceptical of imposing new sanctions on Russia

Donald Trump sceptical of imposing new sanctions on Russia

June 16, 2025
Fuel and fury: energy becomes a Middle East battlefield

Fuel and fury: energy becomes a Middle East battlefield

June 16, 2025
Gavin Newsom, California’s resister-in-chief

Gavin Newsom, California’s resister-in-chief

June 15, 2025
Beyond the algorithm: Why human judgment defines the future of accounting

Beyond the algorithm: Why human judgment defines the future of accounting

June 17, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

IRS spruces up Pre-Filing Agreement program

IRS spruces up Pre-Filing Agreement program

June 19, 2025
Bain & Co luxury report shows personal goods shrank last year

Bain & Co luxury report shows personal goods shrank last year

June 19, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!