Hamas directed funds received through social networks to exchange wallets.
Actions by Israeli police, in collaboration with local tech and crypto industry activists, resulted in the freezing of cryptocurrency accounts, PayPal and bank transactions intended to raise funds forHamasfrom the public. To quickly raise funds, Hamas distributed the numbers of different accounts and wallets in Telegram channels as part of a rapid crowdfunding campaign.
CNN writes about this.
According to the publication, Hamas launched a fundraising campaign on social networks, calling on the population to fund their accounts with cryptocurrencies. The Cyber Unit and NBCTF, with the assistance of the Binance cryptocurrency exchange, quickly located and froze these accounts, and then transferred the funds to the state treasury.
Over the years, Israel has consistently taken action against Hamas' social media fundraising activities, especially in the area of cryptocurrencies. These digital assets provide a degree of user anonymity and allow cross-border transfers not strictly regulated by international laws.
Israeli police said they would block such accounts after the outbreak of the war, when Hamas launched a fundraising campaign on social media calling for public to transfer cryptocurrency into their accounts.
The statement did not provide details on the number of accounts frozen or the amount of cryptocurrency seized.
In addition, US federal investigators have blocked more than 300 cryptocurrency accounts that facilitated millions of dollars in transactions for terrorist groups, including ISIS and the military wing of Hamas.
Using court-authorized warrants, the US government was able to seize $2 million in virtual currency. According to investigators, terrorist groups used cryptocurrencies, including Bitcoin, as a means of payment for donations due to their online fundraising activities.
For example, the military wing of Hamas, the Al-Qassam Brigades, began their fundraising campaigns in early 2019 using Twitter accounts and their own websites. Supporters were asked to send bitcoins to digital wallets, at least some of which were placed on the US cryptocurrency exchange.
Recall that Biden said that Tehran has supported the militants Hamas for a long time and provides terrorists with the necessary resources.
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