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(Wall Street Journal) Benoit Faucon - Hamas has seen a surge in cryptocurrency donations since the start of the armed conflict with Israel last month, a senior official said, exploiting a trend in online fundraising that has enabled it to circumvent international sanctions to fund its military operations. Last year, U.S. federal authorities tracked dozens of cryptocurrency accounts and seized more than $1 million in cryptocurrency tied to Hamas' al-Qassam Brigades. With cryptocurrencies, groups such as Hamas "don't need to worry about the dogs sniffing it at the airport," said Eyal Pinko, former head of the intelligence division at Israel's prime minister's office. "These money transfers can be untraceable. The sky's the limit." 2021-06-07 00:00:00Full Article
Israel-Gaza Conflict Spurs Bitcoin Donations to Hamas
(Wall Street Journal) Benoit Faucon - Hamas has seen a surge in cryptocurrency donations since the start of the armed conflict with Israel last month, a senior official said, exploiting a trend in online fundraising that has enabled it to circumvent international sanctions to fund its military operations. Last year, U.S. federal authorities tracked dozens of cryptocurrency accounts and seized more than $1 million in cryptocurrency tied to Hamas' al-Qassam Brigades. With cryptocurrencies, groups such as Hamas "don't need to worry about the dogs sniffing it at the airport," said Eyal Pinko, former head of the intelligence division at Israel's prime minister's office. "These money transfers can be untraceable. The sky's the limit." 2021-06-07 00:00:00Full Article
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