On Monday (Feb. 28) Israeli Defense Minister Benigantz it has ordered the confiscation of digital wallets believed to be linked to the international terrorist group Hamas.

According to a statement from Israel's National Counterterrorism Financial Facility (NBCTF), the account is linked to businesses suspected of financing terrorist organizations.

The confiscated assets included "hundreds of thousands of shekels (Israeli currency)" from 12 accounts and about 30 digital wallets, officials said. It was partly owned by the well-known currency exchange company Al'matchadun, which is owned by a family known as the "Shamlachs.

In the same statement, Gantz said he "has made every effort to stop the financing of the Hamas group."

Back in July 2021, the Israeli government cracked down on the use of cryptocurrencies to fund Hamas aid. Israel's National Bureau of Counterterrorism Finance (NBCTF) has ordered the confiscation of 84 digital wallets believed to be linked to Hamas. The address received $7.7 million in cryptocurrencies such as Bitcoin, Tether and Dogecoin, with Tether (USDT) being the largest fund worth over $4.1 million at the time.

According to a blog post by blockchain analytics and forensics firm Elliptic. Most of the funds were transferred using Bitcoin and USDT, but the list also mentions Dogcoin, TRX and Ether. This is one way in which the Hamas group uses various digital assets.

After the Israeli-Palestinian conflict intensified last year. Cryptocurrency Donations Hamas' cryptocurrency continues to rise. A senior Hamas official told the Wall Street Journal in June 2021.

Hamas is a terrorist organization designated by the U.S. government. Along with the EU, Israel and other countries

In August 2020, U.S. authorities announced that they had seized nearly 300 Bitcoin wallets believed to be targeting terrorist financing networks. Including the Hamas group

Source: theblockcrypto