Wally

Read

<div class="protos">
 <div>
  <div>
   <div>
    <p>A report shared by the US Treasury Department has linked Hamas to 300 instances of financing terrorism with crypto and roughly $165 million in transactions, the Wall Street Journal (WSJ) reports.&nbsp;</p>
    <p>The report, seen by the WSJ and written by the Treasury’s Financial Crimes Enforcement Network, was sent by the Treasury’s deputy secretary Wally Adeyemo to Congress on Tuesday.&nbsp;</p>
    <p>It claimed that 12 dozen financial institutions, including crypto exchanges, have found over 300 instances of crypto potentially being used for terrorist financing purposes which suggests that Hamas is moving funds between its operatives.&nbsp;</p>
    <p>The report also linked Hamas to <strong>almost $165 million in transactions</strong> and digital assets over the past three years. It is reportedly the first formal assessment of crypto use related to Hamas as the US looks to increase its oversight of crypto and curtail Hamas’s ability to work around sanctions.&nbsp;</p>
    <figure class="wp-block-embed is-type-wp-embed is-provider-protos wp-block-embed-protos">
     <div class="wp-block-embed__wrapper">
      <blockquote class="wp-embedded-content" data-secret="pqtMJEt85n">
       Hamas victims from the US sue Iran, Syria, Binance, and CZ
      </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Hamas victims from the US sue Iran, Syria, Binance, and CZ” — Protos" src="https://protos.com/hamas-victims-from-the-us-sue-iran-syria-binance-and-cz/embed/#?secret=l1c3ckNrJQ#?secret=pqtMJEt85n" data-secret="pqtMJEt85n" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
     </div>
    </figure>
    <p><em>Read more: Hamas victims from the US sue Iran, Syria, Binance, and CZ</em></p>
    <p>Adeyemo wrote in his letter to Congress featuring the <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a>, “I remain concerned that as we cut off [<a rel="noopener noreferrer nofollow" title="Hamas" href="https://thebittimes.com/tag/hamas.html">Hamas</a>’s] access to traditional finance these groups will increasingly turn to virtual assets.”&nbsp;</p>
    <p>The US reportedly wants foreign financial institutions to verify its users the same way the institutions in the US do, or risk access to their markets.&nbsp;</p>
    <h2 class="wp-block-heading" id="h-details-of-hamas-s-crypto-use-remain-murky">Details of Hamas’s crypto use remain ‘murky’</h2>
    <p>The report also notes that the exact figure relating to Hamas’s crypto transactions is ‘murky,’ and that the designated terrorist group’s use of crypto might be overstated.&nbsp;</p>
    <p>In the letter, Adeyemo claimed that the findings “may have attributed the full value of a customer’s transactions — including both fiat and digital assets activity — to Hamas, while only a portion of the reported activity may have constituted such activity.”</p>
    <p>Last October, the WSJ was found to have misinterpreted sources from blockchain analytics firm Elliptic while <strong>reporting that Hamas was linked to $130 million in crypto</strong>.&nbsp;</p>
    <figure class="wp-block-embed is-type-wp-embed is-provider-protos wp-block-embed-protos">
     <div class="wp-block-embed__wrapper">
      <blockquote class="wp-embedded-content" data-secret="YYbod1eUWX">
       White House urged to curb Hamas crypto use amid escalating crisis in Gaza
      </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“White House urged to curb Hamas crypto use amid escalating crisis in Gaza” — Protos" src="https://protos.com/white-house-urged-to-curb-hamas-crypto-use-amid-escalating-crisis-in-gaza/embed/#?secret=pndrP8Dq6C#?secret=YYbod1eUWX" data-secret="YYbod1eUWX" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
     </div>
    </figure>
    <p><em>Read more: Israel allegedly used crypto to conceal its hunt for Hamas in Turkey</em></p>
    <p>Forbes <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a>s that Elliptic claimed there is no evidence to either “suggest that <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> fundraising has raised anything close to this amount,” or “support the assertion that <a rel="noopener noreferrer nofollow" title="Hamas" href="https://thebittimes.com/tag/hamas.html">Hamas</a> has received significant volumes of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> donations.” Fellow blockchain analytics firm Chainalysis also backed up these assertions.</p>
    <p>Elizabeth Warren cited the $130 million in multiple arguments and called for the curtailing of terrorists’ crypto use. Minnesota representative Tom Emmer said in a hearing last month that “The ​​Treasury has the data to paint the correct narrative of crypto and how it’s used.”</p>
    <p>“Instead, we have senators who are legislating on these false figures and major CEOs using these figures to inform their perspectives on digital assets.”&nbsp;</p>
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;</em><em>X</em><em>,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p>
   </div>
  </div>
 </div>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/roughly-165-million-in-crypto-transactions-linked-to-hamas-report-tbt82558.html">https://thebittimes.com/roughly-165-million-in-crypto-transactions-linked-to-hamas-report-tbt82558.html</a></p>

Roughly $165 million in crypto transactions linked to Hamas, report

목차

TheBitTimes

2024년 3월 14일에 게재된 다른 기사

The BEFE Frenzy: Delving Into Why It’s the Coin Everyone Is Talking About Today

Exploring MATIC Coin’s Price Dynamics as Bitcoin Experiences Volatility

Solana’s Race Towards $200: Assessing the Likelihood

What's Going On With Bitcoin Miners Marathon Digital And Riot Platforms Stock?

Institutional investors flock to SOL and memecoin GFOX, hinting at potential rallies

El Salvador Slashes Income Tax on Foreign Investments and Remittances to 0%

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!