Key Takeaways:
- The U.S. DOJ seized $201,400 in crypto allegedly linked to Hamas fundraising and laundering efforts.
- Crypto assets were distributed across 17 wallets and tied to a broader $1.5M laundering network.
- Binance faces legal and regulatory scrutiny over alleged facilitation of crypto transactions involving Hamas.
The U.S. Department of Justice (DOJ) has seized over $200,000 in cryptocurrency allegedly linked to Hamas, a U.S.-designated terrorist organization.
Announced on March 27, the DOJ stated it confiscated digital assets totaling $201,400 from crypto wallets reportedly used to launder over $1.5 million for Hamas since October 2024.
🚨 The U.S. Justice Department has seized $201,400 in cryptocurrency from wallets linked to Hamas, disrupting an alleged terror financing scheme.
— Satoshi Club (@esatoshiclub) March 27, 2025
Since October 2024, these addresses reportedly laundered over $1.5M in virtual currency. pic.twitter.com/V84NsPLdwy
These funds moved through a network of virtual exchanges and brokers across at least 17 wallets.
In January 2024, the U.S. Treasury, along with the U.K. and Australia, imposed sanctions on individuals and networks facilitating Hamas-related crypto transactions.
That same month, victims’ families of Hamas’s October 2023 attack on Israel filed a lawsuit against Binance and its former CEO, Changpeng Zhao, alleging the platform provided financial support to Hamas.
Binance denied ties, but in November 2023, agreed to a $4.3 billion settlement over anti-money laundering violations.
While Hamas has sought crypto donations since 2019, a 2023 Chainalysis report noted that terrorism financing remains a small fraction of crypto use.
Still, U.S. officials view the use of digital currencies by terrorist groups as a growing national security concern.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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