U.S. Government Moves to Seize $2 Million in Cryptocurrency Linked to Hamas Funding
The U.S. Department of Justice launches a critical civil action to confiscate $2 million in cryptocurrency tied to terror financing, exposing dangerous gaps in crypto oversight and highlighting the urgent need for accountability.
In a decisive move underscoring the ongoing battle against terrorist financing, the U.S. government announced on Tuesday it has initiated civil proceedings to seize approximately $2 million in cryptocurrencies held by major firms Tether Limited and Binance Holdings LTD. These funds are alleged to be connected with transfers supporting Hamas, a designated terrorist organization.The Department of Justice (DOJ) revealed that these assets were linked to Buy Cash Money and Money Transfer Company, a Gaza-based business accused of funneling money to terrorist groups, including Hamas, ISIS, and Al Qaeda affiliates. This case exposes how some digital currency platforms have become unwitting—or...
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