This follows isolated incidents where authorities sanctioned crypto wallets linked to Hamas. Senator Elizabeth Warren penned a letter backed by over 100 lawmakers, urging a crackdown on Hamas’ crypto financing channels. If restricting this single known transaction is the extent of Hamas’ crypto financing, it comprises a tiny portion of their monetary resources. While Israel ordered the seizure of crypto wallets worth $94 million linked to Palestinian Islamic Jihad in July, Elliptic notes this remains the second largest terrorism-related crypto seizure. Elliptic’s analysis shows that claims of sizable Hamas crypto fundraising seem unsubstantiated.

Source: Wall Street Journal October 28, 2023 05:11 UTC