The Israeli government has announced the foreseeable takedown of Palestine’s most prominent militant group, Hamas’s Bitcoin network, and cryptocurrency accounts. Israel has speculated that Hamas has been raising money in cryptocurrency to fund military operations against the Jewish nation. Hamas is a Palestinian militant group that controls the Gaza strip.
As reported by WGN Radio 750,
“Law enforcement officials seized more than 150 cryptocurrency accounts that they say laundered funds to and from accounts operated by the group.”
Benny Gantz, Israel’s Defence Minister spoke at the bilateral conference with Secretary of Defense Lloyd Austin in the Pentagon, Washington. Gantz said that he had directed Israel’s defense forces to capture and take down the Hamas crypto accounts.
After a joint operation, the ministry said that they have, “uncovered a web of electronic wallets” that were being used by the Hamas group to raise funds in form of Bitcoin and other cryptocurrenci
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