US Treasury Links Crypto to Hamas Fundraising Network

VERA Brief

AI-generated. Grounded in the article and its cited sources.

The U.S. Treasury Department has identified a cryptocurrency-funded network that allegedly raised over $2 million for Hamas. Funds were reportedly channeled through purported humanitarian charities, and the action aims to disrupt the financing of terrorism.

Key facts

• The U.S. Treasury Department announced a network involved in fundraising for Hamas was identified.
• Cryptocurrency played a role in the transactions of this network.
• The network allegedly raised more than $2 million for Hamas.
• Funds were reportedly channeled through entities presented as humanitarian charities.
• Hundreds of thousands of dollars were reportedly sent using cryptocurrency.