TechFlow reported on March 28, according to Cointelegraph, the U.S. Department of Justice stated in a press release on March 27 that it had seized $201,400 worth of cryptocurrency traced to fundraising addresses linked to Hamas. Since October 2024, these addresses have laundered over $1.5 million through a series of virtual currency exchanges and over-the-counter trading brokers.
The Department of Justice said the funds are currently held in at least 17 wallets and have been successfully seized. In January 2024, the U.S. Treasury's Office of Foreign Assets Control (OFAC), together with relevant agencies in the UK and Australia, imposed sanctions on cryptocurrency transaction networks linked to Hamas and their financiers. These sanctions further strengthened measures following the U.S. Treasury’s actions against Hamas-related entities in October 2023.
