Israel-Hamas war: How global network is funding Hamas through crypto, cash and charities​

Hamas, a Palestinian political and militant group, is using a global financing network, such as cryptocurrencies for international sanctions, charities and cash through Gaza tunnels, according to reports. (Photo Credit - IANS)

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Recently, Israeli police said that they froze a Barclays bank account, linked to Hamas fundraising and blocked cryptocurrency accounts which were utilized to gather donations. (Photo Credit - Reuters)

​The former U.S. official Matthew Levitt specialized in counter terrorism has estimated the Hamas funds, which is over $300 million received from Qatar, Iran and from charities, according to reports. (Photo Credit - Reuters)

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​Co-founder of Elliptic (Blockchain Research Firm) Tom Robinson said, “Hamas has been one of the more successful users of crypto for the financing of terrorism.” (Photo Credit-Reuters)

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​In February 2022, the U.S. State Department stated that Hamas receives donations from Palestinians and raises funds in different Gulf countries, as per reports. (Photo Credit- Reuters)

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Furthermore, the U.S. State Department said that Iran provides up to $100 million per annum to support Palestinian groups, such as Hamas. (Photo Credit - Reuters)

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By last year, Hamas had established a secret network of companies managing $500 million of investments in companies from Turkey to Saudi Arabia, said the U.S Treasury in May 2022. (Photo Credit- AP)

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