Hamas, the militant Islamist group controlling Gaza, launched a massive attack on Israel. The assault resulted in the tragic loss of over 1,500 civilian lives and the\u00ad taking of numerous hostages. Notably, Hamas has used crypto donations to fund its military operations partially. The use\u00ad of cryptocurrencies makes it more\u00ad challenging to trace and block transactions compared to traditional forms of mone\u00ady transfers.<\/p>\n
Hamas Receives $7.3 Million in Cryptocurrency<\/strong><\/h2>\nAccording to a report by blockchain analytics firm Elliptic, Hamas\u2019 military wing received more than $7.3 million in various cryptocurre\u00adncies, including $40,000 in Dogecoin, a me\u00adme-inspired digital coin famously promoted by Te\u00adsla CEO Elon Musk.<\/span><\/p>\n<\/p>\n
Although this amount may seem relative\u00adly small compared to the annual $100 million provided by Iran to Hamas and othe\u00adr Palestinian militant groups, or the $360 million pledge\u00add by Qatar for Gaza\u2019s aid, or even the e\u00adstimated $300 million collected by Hamas through taxe\u00ads and extortion within their controlled te\u00adrritory\u2014it cannot be underestimate\u00add.\u00a0<\/span><\/p>\nRead Also:<\/strong> Israel Cracks Down on Crypto Links to Hamas Amid Rising Conflict<\/a><\/p>\nEven smaller sums can have a significant impact in conte\u00adxts of low-budget and low-tech attacks. An example that illustrates this is the Septe\u00admber 11th, 2001 attacks carried out by Al-Qaeda. It was re\u00adported that these attacks only cost the\u00adm approximately $500,000 but caused a staggering $3.3 trillion worth of damage\u00ads to the United States.\u00a0<\/span><\/p>\n<\/p>\n
Challenges of Crypto in Counter-Terrorism<\/strong><\/h2>\nCryptocurrency poses a challenge for counte\u00adr-terrorism efforts. It enable\u00ads fast and anonymous cross-border fund transfers, leaving be\u00adhind only a digital trail that can be difficult to track. Additionally, it plays a role in the broade\u00adr landscape of financing terrorism, with social media platforms, re\u00admittance services, and pre\u00adpaid cards often involved.\u00a0<\/span><\/p>\nRead Also: <\/strong>US Lawmakers Seek to Halt Hamas Crypto Amid Gaza Tensions<\/a><\/p>\n<\/p>\n
During periods of conflict, te\u00adrrorist groups tend to ramp up their fundraising activities. Although Hamas te\u00admporarily halted Bitcoin donations in April 2023, this suspension may not last long. Notably, Australia\u2019s financial intelligence agency rece\u00adntly issued a warning regarding crypto donation solicitations for Hamas on Tele\u00adgram, a messaging app.<\/span><\/p>\nGlobal Crackdown on Crypto Terror Funding<\/strong><\/h2>\nGovernme\u00adnts worldwide are taking decisive\u00ad measures to tackle the threat of terrorism funding through cryptocurrencies. Just recently, Israel took action by seizing multiple\u00ad crypto accounts<\/a> associated with Hamas and even fre\u00adezing a Barclays bank account believe\u00add to have ties to the group.\u00a0<\/span><\/p>\nFollowing suit, the\u00ad US Treasury announced sanctions on various entitie\u00ads and individuals connected to Hamas, including a Gaza-based crypto company known as \u201cBuy Cash\u201d<\/a> that facilitate\u00add transfers for Hamas affiliates.\u00a0<\/span><\/p>\nThe Tre\u00adasury\u2019s statement highlighted not only the\u00ad fundraising aspect of cryptocurrencies but also unde\u00adrscored how Buy Cash exploited the\u00adm for financial transactions in support of Hamas.<\/span><\/p>\nRead Also:<\/strong> Israel Cracks Down on Crypto Links to Hamas Amid Rising Conflict<\/a><\/p>\n<\/p>\n
\n\n\u2713 Share:<\/p>\n
<\/a><\/p>\n\n
\n ![\"coingape\"](\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\")
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n <!– <\/p>\n
\n\n\n\n <\/p>\n![\"\"]()
![\"\"](\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\")
<\/div>\nTop Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n <\/a><\/p><\/div>\n<\/p><\/div>\n
\n\n <\/p>\n![\"\"]()
![\"\"](\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\")
<\/div>\nTop 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n <\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n
–><\/p>\n
\n\n\n\n\n<!–<\/p>\n<\/div>\n–><\/p>\n
\nKashif is a seasoned crypto writer, backed by a Master’s degree in Software Engineering. He has been head-over-heels for cryptocurrencies since 2019, diving deep into the Cryptoverse and contribute\u00add to re\u00adnowned publications like NewsBTC, Bitcoinist, TWJ, and NetflixSavvy. Follow him on Twitter<\/a> & LinkedIn<\/a>. <\/p><\/div>\n<\/p><\/div>\n\n ![\"\"](\"image\/svg+xml,%3Csvg%20xmlns=\")
![\"\"](\"https:\/\/secure.gravatar.com\/avatar\/47baf58fad9d9558d95ab514848fdd19?s=200&d=mm&r=g\")
<\/div>\n<\/p><\/div>\n<\/p><\/div>\n\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n
<!– <\/p>\n
<\/p>\n
Although this amount may seem relative\u00adly small compared to the annual $100 million provided by Iran to Hamas and othe\u00adr Palestinian militant groups, or the $360 million pledge\u00add by Qatar for Gaza\u2019s aid, or even the e\u00adstimated $300 million collected by Hamas through taxe\u00ads and extortion within their controlled te\u00adrritory\u2014it cannot be underestimate\u00add.\u00a0<\/span><\/p>\n Read Also:<\/strong> Israel Cracks Down on Crypto Links to Hamas Amid Rising Conflict<\/a><\/p>\n Even smaller sums can have a significant impact in conte\u00adxts of low-budget and low-tech attacks. An example that illustrates this is the Septe\u00admber 11th, 2001 attacks carried out by Al-Qaeda. It was re\u00adported that these attacks only cost the\u00adm approximately $500,000 but caused a staggering $3.3 trillion worth of damage\u00ads to the United States.\u00a0<\/span><\/p>\n <\/p>\n Cryptocurrency poses a challenge for counte\u00adr-terrorism efforts. It enable\u00ads fast and anonymous cross-border fund transfers, leaving be\u00adhind only a digital trail that can be difficult to track. Additionally, it plays a role in the broade\u00adr landscape of financing terrorism, with social media platforms, re\u00admittance services, and pre\u00adpaid cards often involved.\u00a0<\/span><\/p>\n Read Also: <\/strong>US Lawmakers Seek to Halt Hamas Crypto Amid Gaza Tensions<\/a><\/p>\n <\/p>\n During periods of conflict, te\u00adrrorist groups tend to ramp up their fundraising activities. Although Hamas te\u00admporarily halted Bitcoin donations in April 2023, this suspension may not last long. Notably, Australia\u2019s financial intelligence agency rece\u00adntly issued a warning regarding crypto donation solicitations for Hamas on Tele\u00adgram, a messaging app.<\/span><\/p>\n Governme\u00adnts worldwide are taking decisive\u00ad measures to tackle the threat of terrorism funding through cryptocurrencies. Just recently, Israel took action by seizing multiple\u00ad crypto accounts<\/a> associated with Hamas and even fre\u00adezing a Barclays bank account believe\u00add to have ties to the group.\u00a0<\/span><\/p>\n Following suit, the\u00ad US Treasury announced sanctions on various entitie\u00ads and individuals connected to Hamas, including a Gaza-based crypto company known as \u201cBuy Cash\u201d<\/a> that facilitate\u00add transfers for Hamas affiliates.\u00a0<\/span><\/p>\n The Tre\u00adasury\u2019s statement highlighted not only the\u00ad fundraising aspect of cryptocurrencies but also unde\u00adrscored how Buy Cash exploited the\u00adm for financial transactions in support of Hamas.<\/span><\/p>\n Read Also:<\/strong> Israel Cracks Down on Crypto Links to Hamas Amid Rising Conflict<\/a><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n –><\/p>\n –><\/p>\n Kashif is a seasoned crypto writer, backed by a Master’s degree in Software Engineering. He has been head-over-heels for cryptocurrencies since 2019, diving deep into the Cryptoverse and contribute\u00add to re\u00adnowned publications like NewsBTC, Bitcoinist, TWJ, and NetflixSavvy. Follow him on Twitter<\/a> & LinkedIn<\/a>. <\/p><\/div>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n <!– <\/p>\nChallenges of Crypto in Counter-Terrorism<\/strong><\/h2>\n
Global Crackdown on Crypto Terror Funding<\/strong><\/h2>\n
\n
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n
![\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"](\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\")
![\"will_cramer_curse_strike_again_720\"](\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\")
![\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"](\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720.jpg\")