Crypto analytics firm Elliptic said in an Oct. 25 blog post that, contrary to mainstream reports, terrorist groups have not received significant crypto donations. Senator Elizabeth Warren and other lawmakers later cited that report in a call for action, reporting $130 million raised in total. Though those wallets had received $93 million, Elliptic said that the terrorist group did not necessarily raise or even own those funds. Chainalysis similarly suggested that The Wall Street Journal had reported all flows to certain crypto services as belonging to a single terrorist group. Elliptic acknowledges moderate Hamas fundraisingElliptic did not directly address The Wall Street Journal’s claim that Hamas had raised $41 million of crypto.

Source: Wall Street Journal October 26, 2023 04:46 UTC