Blockchain Analytics Firms Dispute Claims of Major Crypto Donations to Hamas
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Blockchain forensic firm Elliptic said there’s “no evidence” Hamas is receiving significant crypto donations.
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Elliptic said a prominent Hamas crypto campaign has only raised $21,000 since October 7.
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Elliptic said The Wall Street Journal and U.S. lawmakers misinterpreted data to overstate crypto fundraising by Hamas.
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Blockchain forensics firm Chainalysis also addressed supposed misconceptions about crypto and terrorism.
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Elliptic noted Hamas suspended Bitcoin fundraising in April 2023 over concerns for donor safety.