{"id":177173,"date":"2023-10-19T15:36:46","date_gmt":"2023-10-19T10:06:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=177173"},"modified":"2023-10-19T15:36:46","modified_gmt":"2023-10-19T10:06:46","slug":"ofac-sanctions-gaza-based-crypto-exchange-allegedly-linked-to-hamas-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ofac-sanctions-gaza-based-crypto-exchange-allegedly-linked-to-hamas-crypto-news\/","title":{"rendered":"OFAC sanctions Gaza-based crypto exchange allegedly linked to Hamas &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The U.S. Department of the Treasury\u2019s Office of Foreign Assets Control (OFAC) has sanctioned Buy Cash Money and Money Transfer Company, a Gaza-based cryptocurrency exchange with alleged ties to Palestinian militant group Hamas.<\/p>\n<p><strong><em>See related article: \u2018<\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/theres-no-doubt-we-picked-a-side-here-chainalysis-founder-michael-gronager-talks-analytics-ukraine-and-crypto-adoption-in-asia\/\">There\u2019s no doubt we picked a side here\u2019 \u2014 Chainalysis founder Michael Gronager talks analytics, Ukraine and crypto adoption in Asia<\/a><\/p>\n<h3 class=\"wp-block-heading\">Fast Facts<\/h3>\n<ul>\n<li>On Wednesday, OFAC announced that it imposed sanctions on 10 key entities believed to be linked to Hamas, including its members, operatives and financial facilitators.\u00a0<\/li>\n<\/ul>\n<ul>\n<li>The Treasury Department reported that in 2021, Israel\u2019s National Bureau for Counter Terror Financing seized crypto wallets connected to a Hamas fundraising campaign. According to New York-based blockchain intelligence firm Chainalysis, one of these addresses <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.chainalysis.com\/blog\/israel-hamas-cryptocurrency-seizure-july-2021\/\">belonged<\/a> to Buy Cash.\u00a0<\/li>\n<\/ul>\n<ul>\n<li>\u201cBuy Cash, while implicated in Hamas crypto activity, also facilitated transfers for other terrorist groups \u2014 notably, a 2019 Bitcoin transfer from an al-Qa\u2019ida affiliate and a 2017 procurement of online infrastructure on behalf of ISIS,\u201d said Chainalysis in a Wednesday <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.chainalysis.com\/blog\/ofac-sanctions-buy-cash-with-hamas-ties-following-terror-attack-israel\/\">report<\/a>.<\/li>\n<li>In addition to the Gaza-based crypto business, OFAC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy1816\">said<\/a> it imposed sanctions on individuals involved in a secret Hamas investment portfolio and an operative with deep connections to the Iranian regime.<\/li>\n<\/ul>\n<ul>\n<li>Israel declared war on Hamas on Oct. 7 after the militant group carried out an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2023\/10\/09\/middleeast\/israel-hamas-gaza-war-explained-mime-intl\/index.html\">attack<\/a> in Israel, prompting a retaliation airstrike in Gaza.<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/bitwise-launch-two-ethereum-futures-etfs\/\">Bitwise to launch two Ethereum Futures ETFs<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Department of the Treasury\u2019s Office of Foreign Assets Control (OFAC) has sanctioned Buy Cash Money and Money Transfer Company, a Gaza-based cryptocurrency exchange with alleged ties to Palestinian militant group Hamas. See related article: \u2018There\u2019s no doubt we picked a side here\u2019 \u2014 Chainalysis founder Michael Gronager talks analytics, Ukraine and crypto adoption [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":171396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-177173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=177173"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177173\/revisions"}],"predecessor-version":[{"id":177174,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177173\/revisions\/177174"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/171396"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=177173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=177173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=177173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}