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Hamas Reportedly Obtaining Funding Using Crypto

By: CryptoCurrencyWire
October 18, 2023 at 11:20 AM EDT

Iran has played a substantial role as a major financial supporter of Hamas, offering crucial resources for its terrorist activities. However, international investigators, including those in the United States, have uncovered an alternative revenue stream used by Hamas: distant online contributors that provide support through crypto.

Even before the recent surprise attack by Hamas on Israel, the U.S. Department of Justice (DOJ) had been actively pursuing a criminal inquiry into the militant group’s alleged use of crypto and money-laundering activities. While the details of the investigation remain sealed, the information that has been made…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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