Connect with us

Hi, what are you looking for?

Economy

Israel seizing cryptocurrency accounts of Hamas group

Israeli Defence Minister Benny Gantz ordered security forces on Thursday to seize the accounts after a joint operation, the ministry said, “uncovered a web of electronic wallets” used by Hamas to raise funds using Bitcoin and other cryptocurrencies.

Israel has said it will begin seizing cryptocurrency accounts used by the Palestinian Hamas group to raise money for its armed wing.

Israeli Defence Minister Benny Gantz ordered security forces on Thursday to seize the accounts after a joint operation, the ministry said, “uncovered a web of electronic wallets” used by Hamas to raise funds using Bitcoin and other cryptocurrencies.

Concept. 3D render

It added that Hamas has been waging an online campaign to raise donations for its military wing, efforts that accelerated after the 11-day war in Gaza in May this year.

Cryptocurrencies such as Bitcoin are favoured for illicit transactions because they are perceived as hard to trace.

“The intelligence, technological and legal tools that enable us to get our hands on terrorists’ money around the world constitute an operational breakthrough,” Gantz was quoted as saying.

Hamas was democratically elected in 2006 and seized control of the Gaza Strip a year later from rival Palestinian party Fatah after the latter attempted a preemptive coup.

Since then, Israel has waged four major offensives on the besieged enclave, killing thousands of civilians. The latest one took place in May, killing 260 Palestinians, including at least 66 children. On the Israeli side, 13 people were killed, including two children.

A shaky ceasefire, brokered by Egypt, has been violated several times over the past month, with Israeli fighter jets targeting several areas it says belongs to Hamas military sites.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Facebook

National

In its Tweet, the US Embassy in Islamabad made it clear that in a foreign country, US citizens are subject to that country's laws.

Exclusive

Internal Revenue Service (IRS) chief Charles Rettig in the United States says the country is losing about a trillion dollars every year in unpaid taxes, and...

Latest Updates

In a statement issued today, Jaffers and Adamjee families extended their deepest condolences to the family and loved ones of Noor Mukadam

International

An Egyptian court today awarded death sentence to 24 Muslim Brotherhood members for the killing of police officers in two separate cases. The Damanhour...

Copyright © 2021 The Truth International