🌋 HAMAS openly uses cryptocurrency for war against Israel
posted 13 Oct 2023
According to TRM Labs, a group called GazaNow, which actively supports HAMAS, collects donations in cryptocurrency from all over the world.
They have raised more than $800,000 so far, and at least $5,000 since October 7, when they had to stop the fundraising campaign due to public exposure.
Other companies and groups that help HAMAS also use cryptocurrencies to raise funds, but with minimal success.
It is worth noting that the group also manages several wallets on its own, collects funds and exchanges them between blockchains, to obscure the traces.
The most popular cryptocurrencies in the Gaza Strip are Tether and Dogecoin.
They have raised more than $800,000 so far, and at least $5,000 since October 7, when they had to stop the fundraising campaign due to public exposure.
Other companies and groups that help HAMAS also use cryptocurrencies to raise funds, but with minimal success.
It is worth noting that the group also manages several wallets on its own, collects funds and exchanges them between blockchains, to obscure the traces.
The most popular cryptocurrencies in the Gaza Strip are Tether and Dogecoin.
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