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Hamas and Affiliates Receive Millions in Cryptocurrency Donations: Report

According to a report by the Wall Street Journal, the Hamas terrorist organization and its affiliates have received millions of dollars in cryptocurrency donations. Forensics firm Elliptic and Tel Aviv software company BitOK provided the data, which showed that Palestinian Islamic Jihad received $93 million in crypto between August 2021 and June 2023, while Hamas received about $41 million in the same timeframe. Although crypto is often used as a financing method for groups and nations cut off from the U.S. controlled global financial system, it is not the main source of funding for Hamas and affiliated groups such as Palestinian Islamic Jihad and Hezbollah, which are mostly state-sponsored.

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