Crypto terrorism funding has been an issue under discussion for quite some time but saw a peak during the recent attack of Hamas on Israel. The article talked about how ‘Hamas Militants Behind Israel Attack Raised Million in Crypto.’ It sourced the information from blockchain data aggregators and noted that the Gaza-based terrorist group Palestinian Islamic Jihad (PIJ) raised about $93 Million in funding through crypto. The Wall Street Journal (WSJ) corrected its previous statement regarding the exchange of cryptocurrency between Palestinian Islamic Jihad (PIJ) and Hezbollah. This letter raised concerns about the potential use of cryptocurrency by terrorist organizations. Some crypto community members such as Castle Island Ventures Partner Nic Carter are calling to take back the letter.

Source: Wall Street Journal October 28, 2023 19:43 UTC