The U.S. Department of Justice (DOJ) has seized approximately $201,400 in cryptocurrency linked to Hamas as part of an ongoing effort to disrupt terrorist financing networks.
This operation is part of a larger crackdown on illicit financial activities, with authorities revealing that over $1.5 million in virtual currency has been laundered through these channels since October 2024.
According to court documents, Hamas supporters used encrypted platforms to distribute at least 17 cryptocurrency addresses for fundraising purposes.
The funds were then laundered through a network of exchanges and brokers before being transferred into operational wallets used by the group. The DOJ’s seizure targeted assets held in accounts registered to Palestinian individuals based in Turkey and other locations.
READ ALSO: Liverpool Target Jeremie Frimpong as Alexander-Arnold Edges Closer to Real Madrid Move
U.S. Attorney Edward R. Martin, Jr. reaffirmed the government’s commitment to combating terrorism financing, stating, “Hamas is responsible for the deaths of many U.S. and Israeli nationals, and we will use every legal tool at our disposal to stop their campaign of terror and murder.”
FBI Special Agent Raul Bujanda emphasized the significance of disrupting Hamas’ financial network, explaining that cutting off funding is crucial to weakening the group’s operational capabilities.
This operation was spearheaded by the FBI’s Albuquerque Field Office, with support from the Counterterrorism and Cyber Divisions.
Prosecutors from the DOJ’s National Security Division are handling the legal proceedings. The seizure marks another step in the U.S. government’s broader efforts to track and dismantle financial systems that support terrorism.
As authorities continue to target illicit cryptocurrency transactions, this case underscores the evolving nature of financial crime and the increasing role of digital currencies in global security threats.
Discover more from Scoop Hub
Subscribe to get the latest posts sent to your email.