{"id":179474,"date":"2023-10-23T19:38:21","date_gmt":"2023-10-23T14:08:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=179474"},"modified":"2023-10-23T19:38:21","modified_gmt":"2023-10-23T14:08:21","slug":"crypto-community-accuses-wsj-of-exaggerating-hamas-crypto-funding-by-99-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-community-accuses-wsj-of-exaggerating-hamas-crypto-funding-by-99-crypto-news\/","title":{"rendered":"Crypto community accuses WSJ of exaggerating Hamas crypto funding by 99% – Crypto News"},"content":{"rendered":"

Crypto community members have accused The Wall Street Journal<\/em> (WSJ) of publishing misleading information about Hamas crypto-related funding.<\/p>\n

On Oct. 10, WSJ<\/em> reported<\/a> that Hamas had acquired approximately $90 million in cryptocurrency to finance a surprise attack against Israel. This revelation drew significant attention from prominent crypto skeptics, who swiftly used this funding to illustrate how the industry aided malicious actors.<\/p>\n

Several U.S. lawmakers, spearheaded by Senator Elizabeth Warren, cited the WSJ<\/em> report in a letter<\/a> addressed to the White House and the Treasury Department. The lawmakers expressed concerns about the national security risks posed by cryptocurrencies due to their potential use in terrorist financing.<\/p>\n

Community says WSJ overreported terror funding by 99%<\/h2>\n

Sam Callahan, the lead market analyst at Swan Bitcoin, countered that \u201cWSJ\u2019s figure for crypto use in financing Hamas was off by over 99%,\u201d citing a recent Chainalysis report<\/a>.<\/p>\n

According to Callahan, the media firm had mistakenly counted an entire exchange\u2019s trading volume for the group\u2019s address. He added<\/a>:<\/p>\n

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\u201cThe actual funds that went to known terrorist-linked addresses was substantially less.\u201d<\/p>\n<\/blockquote>\n

Consequently, Callahan urged WSJ<\/em> to retract the story because \u201cpoliticians with an agenda will likely continue to use this fake news as evidence to attack an industry they have a personal vendetta against.\u201d<\/p>\n

Meanwhile, crypto stakeholders, including Nic Carter, also shared Callahan\u2019s view, claiming<\/a> that the journalists refused to retract their story despite contacting them via mail. He added<\/a>:<\/p>\n

\n

\u201cThis is a journalistic failure as egregious as the NYT\u2019s reporting on the rocket striking a hospital in gaza. not directly responsible for loss of life, but evidencing a similarly callous disregard for the truth. Boycotting the WSJ until they retract.\u201d<\/p>\n<\/blockquote>\n

Sam Lyman, the director of public policy at Bitcoin (BTC<\/a>) miner Riot Platforms<\/a>, pointed out<\/a> that the WSJ\u00a0<\/em>report failed to mention that Hamas\u2019 crypto fundraising program was a complete disaster.<\/p>\n

He said the fundraising had \u201cexposed [the group] key donors to criminal prosecution and financed its two greatest enemies, the US and Israel<\/a>, to the tune of millions of dollars.\u201d<\/p>\n

CryptoSlate<\/em> reported<\/a> that Coinbase had argued that blockchain technology could be used to fight terrorism funding, adding that terror funding still relies on the traditional financial system, not crypto.<\/p>\n

The post Crypto community accuses WSJ of exaggerating Hamas crypto funding by 99%<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto community members have accused The Wall Street Journal (WSJ) of publishing misleading information about Hamas crypto-related funding. On Oct. 10, WSJ reported that Hamas had acquired approximately $90 million in cryptocurrency to finance a surprise attack against Israel. This revelation drew significant attention from prominent crypto skeptics, who swiftly used this funding to illustrate […]<\/p>\n","protected":false},"author":2,"featured_media":179475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-179474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179474","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=179474"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179474\/revisions"}],"predecessor-version":[{"id":179477,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179474\/revisions\/179477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/179475"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=179474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=179474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=179474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}