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FBI Seizes $560,000 in Crypto Funds Linked to Hamas

Guavy AI Editorial Team
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The US Department of Justice has taken action against Hamas by confiscating over $560,000 in cryptocurrencies. The funds were linked to the Palestinian terrorist organization and its military wing, the al-Qassam Brigades.

A court order authorized the FBI to seize the illicit crypto funds on September 1. This move was part of a larger effort to disrupt Hamas's fundraising efforts.

The confiscation is a significant blow to Hamas's financial operations, which have been increasingly reliant on cryptocurrency transactions in recent years.

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