Hamas Receives $2500 In Bitcoin Donations
Hamas, the Palestinian islamist movement, which is recognized a terrorist organization by the United States and the European Union, receives funding in cryptocurrency. It was reported by Globes citing a report of an Israeli startup.
Analysts of the blockchain firm Whitestream discovered several payments in bitcoins sent to the organization’s digital wallet. The Hamas’ account was published on its telegram channel on January 31, urging supporters to send donations in the first crypto.
Also, experts found out that the wallet belonged to the digital exchange Coinbase, based in the United States. Within several days, the Islamist group received crypto donations totalling $2500. One of the transactions was made by a trader from Gaza Strip. The remaining bitcoins were transferred from the addresses of the Binance exchange and Vilkov, a Russian trading platform.
Later, on February 2, Hamas published another address for donations, controlled by CoinPayments from the Cayman Islands. Bitcoins from Bittrex and Coinbase wallets were also sent to this account. It is noteworthy that some transactions were conducted through the service coinMixer.io, which mixes addresses and hurdles the search for the real sender.
It is noted that regulators of those countries where Hamas is recognized a terrorist group (the US, the EU, Israel, Japan) will be able to further monitor transactions and subsequently block them. It is not yet known about any actions of these governments aimed at cutting Hamas from funding.
According to Itsik Levy, Whitestream co-founder, blockchain is doing the major work in investigating criminal activity. All actions are registered in the network, which allows to view them later.
Previously, Bellingcat experts detected a transaction from the Russian GRU to the US.