Israel is getting millions from BTC and DOGE could be controlled by Hamass

Israel has seized millions of BTC and DOGE, believed to be controlled by the Hamas Terrorist Organization, according to recent analysis. So let’s read more today in our latest crypto news.

The Islamic terror group Hamas has used many cryptocurrencies including Bitcoin, Ether, Doge, Tether and others. Israel’s National Bureau of Counterterrorism Financing has ordered the seizure of 84 crypto addresses that may be linked to Hamas. Analysis shows that these digital wallets are receiving more than $ 7.7 million in crypto. Israel Defense Minister Benjamin Gantz has signed an order to confiscate 84 crypto wallets that officials are said to have links to Hamas and, according to the Israeli authorities, these addresses were used for Hamas-related activities related to terrorism, causing Israel to confiscate millions got from purses.

London-based blockchain analytics platform Elliptic LTD has revealed that the alleged crypto wallets received $ 7.7 million in cryptocurrencies, but it’s worth noting that not all addresses received the same amount of money on the network:

“Some of the addresses are part of larger services and not all of these funds may be related to terrorism. In calculating this number, we excluded funds sent to addresses used by services such as exchanges to receive deposits from multiple users. “

Elliptic claims that most of the wallets associated with Al-Qassam bridges are known as the arm of Hamas, but the addresses were later used for a fundraising campaign between 2019 and 2021. Soar up to $ 100,000 in BTC. According to the seizure order, it is clear that Hamas used many cryptocurrencies, including Bitcoin, Tron, ETH, and DOGE, while Tether ranked first as the most common digital asset issued by Hamas. The Islamic State of Palestine is going through a turbulent time and due to complex historical and cultural differences, the countries have declared war on one another.

In addition, the Jewish state does not recognize the existence of the State of Palestine and imposes financial control on the region. Based on a mixed economy that is in and out of Israeli shekels, Jordanian dinars, and the United States, the Palestinian Monetary Authority has considered issuing new sovereign digital currencies. Some experts have chosen:

“As a result, they have [the Palestinians] sometimes had to borrow to cover foreign currency payments to third parties and got stuck with an excess of Israeli banknotes. That could be one reason why a digital currency would be attractive to the Palestinian monetary system. “

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