DOJ Cracks Down on Hamas's Cryptocurrency Fundraising Operation
The US Department of Justice has made significant strides in disrupting Hamas's cryptocurrency fundraising operation. According to recent reports, the DOJ seized over $560,000 in digital assets tied to the group and its military wing, Al-Qassam Brigades, while also taking down digital domains and servers used for donations.
The investigation began in 2020, with the FBI's Albuquerque Field Office leading the blockchain analysis work. The team successfully traced USDT flows back to Hamas-linked accounts despite a technique designed to obscure the money trail by cycling funds through rotating wallet addresses.
In July 2025, the DOJ filed a civil forfeiture complaint targeting approximately $2 million in digital currency connected to a Gaza-based business called Buy Cash Money and Money Transfer Company. The business and its owner, Ahmed M.M. Alaqad, had already received sanctions from the US Treasury.