Hamas' Bitcoin Fundraising Foiled as Blockchain Transactions Prove Traceable
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Hamas attempted to fundraise using bitcoin to evade sanctions, but misunderstood that blockchain transactions are public.
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U.S. seized millions in crypto from Hamas in 2020, covertly operating their fundraising website.
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Israel has since claimed tens of millions in Hamas crypto, redirecting funds to its own treasury.
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Hamas suspended bitcoin donations in 2023 due to donors being tracked, prosecuted, and funds seized.
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Hamas struggles to launder large crypto sums versus cash, with blockchain intelligence agencies tracking their wallets.