Israel Moves to Seize Bitcoin, Tether, Dogecoin From Hamas

[Tamsialu$$]

The militant organization—and designated terrorist group by many world powers—has received lots of crypto recently. Those addresses have received $7.7 million in cryptocurrency, according to blockchain analytics company Elliptic. It calculated that over $40,000 has been Dogecoin, a “meme coin” that has exploded in popularity recently.

But by far the biggest volume of crypto received by the allegedly dodgy addresses was in the stablecoin Tether, at $4.1 million, followed by Bitcoin with $3.3 million, Elliptic said.

“The seizure order indicates that Hamas is now using a range of cryptoassets—including Dogecoin, Tether and Ether,” a blog post by Elliptic read.

Hamas, is the largest of several Palestinian militant Islamist groups. It runs the Gaza Strip and is designated a terrorist group by Israel, the US, the European Union, the UK, and other major world powers.more