The Israeli National Bureau for Counter-Terrorism Financing ordered the seizure of 84 cryptocurrency wallets allegedly controlled by Hamas militants.
According to authorities, these addresses received substantial funds in Bitcoin, Tether (USDT) and Dogecoin (DOGE) as donations.
According to Elliptic, the total volume of transfers amounted to $7.7 million, of which $4.1 million was in USDT, $3.4 million in Bitcoin, and $40,235 in the meme cryptocurrency Dogecoin.
“Some addresses are part of larger services, and not all of these funds may be linked to terrorism,” the report says.
In an interview with The Block, Elliptic co-founder Tom Robinson explained that among the identified addresses there are some belonging to brokers and others used to fund deposits on Bitcoin exchanges. He declined to specify them.
According to estimates by the Institute for International Policy on Counterterrorism, one Hamas wallet received a total of 3,370 BTC from October 2015 through July 2019, worth about $29 million at the time.
Earlier, Whitestream analysts found that Hamas used several Bitcoin addresses to collect donations, one of which was hosted on Coinbase.
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