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Israel Seizes Millions in Crypto Assets From Hamas

Published 07/08/2021, 09:45 AM
Updated 07/08/2021, 10:00 AM
Israel Seizes Millions in Crypto Assets From Hamas
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  • Israel will seize a variety of crypto assets from 84 wallet addresses.
  • The wallets allegedly belong to Hamas.
  • Elliptic believes the wallets hold $7.7 million.

Israeli officials have taken action to seize cryptocurrencies from 84 wallet addresses. These addresses could possibly be holding millions of dollars worth of cryptos. More so, the officials say that the addresses most likely belong to Hamas.

The militant, nationalist group has made gains from cashing in on Bitcoin in the past. However, it seems this time, the 84 wallet addresses are holding a variety of different cryptos.

According to files from the National Bureau for Counter Terrorist Financing, these assets include Bitcoin (BTC) and Ethereum (ETH). Moreover, other assets include, Cardano (ADA), Stellar (XLM), Dogecoin (DOGE), Ripple (XRP), and Tron (TRX). Additionally, the wallet addresses also held a stablecoin — Tether (USDT).

This article was first published on coinquora.com

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