Israel Moves To Seize 84 Crypto Wallets From Hamas

Israel Moves To Seize 84 Crypto Wallets From Hamas
  • Israel moves to seize 84 cryptocurrency wallets from Hamas.
  • Benjamin signed a seizure order for crypto wallets on July 7.
  • The militant organization has received a lot of cryptocurrencies.

The Israeli authorities moved to seize 84 cryptocurrency wallets that can linked to the Hamas terrorist group. Israel’s minister of defense, Benjamin Gantz, signed a seizure order for crypto wallets on July 7.

Even more, the largest of several Palestinian militant Islamist groups is Hamas. Hamas runs the Gaza Strip and delegates a terrorist group by Israel, the US, the European Union, the UK, and other major world powers.

Moreover, Elliptic, blockchain analytics, and forensics found that the approved addresses had received $7.7 million in cryptocurrency. Hamas’s militants have $3.8 million value of Tether (USDT), $3.3 million value of Bitcoin (BTC), $51,129 value of Ether (ETH), and $40,235 value of Dogecoin (DOGE).

Hence more, those addresses and the associated wallets have added to Elliptic’s products. Enables the client to detect wallets and transactions linked to the terrorist group.

More so, Elliptic noted many of the 84 addresses emphasized by Israel, already identified by Elliptic. As being associated with the Al-Qassam Brigades, the military wing of Hamas. The addresses used in the fundraising round raised over $100,000 in Bitcoin between January 2019 and May 2021.

Moreover, XRP (XRP), Cardano (ADA), Tron (TRX), Litecoin (LTC), and Binance Coin (BNB) have made a temporary appearance on the record of wallets topic to the seizure order.

Henceforth, Tom Robinson, co-founder of Elliptic, declined to name the exchanges identified or specify whether Elliptic had worked with the Israeli government on tracing the wallets involved.

Accordingly, during its latest clash with Israel the militant organization has received a lot of cryptocurrencies.

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