US Cracks Down on Hamas Crypto Funding Amid Broader Terror Financing Crackdown

The US government has cracked down on a Hamas network that allegedly received millions of dollars in cryptocurrency funding. The action comes as part of a broader effort to combat terrorist financing.

The move targets a network linked to Russia, known as A7 Network, which was sanctioned by the US Treasury for its role in transnational criminal activities. The sanctions also propose restrictions on transfers involving foreign subsidiaries and agents of the network.