Hamas to Stop Accepting Bitcoin Donations Due to Privacy Risk for Donors
Hamas, which is listed as a terrorist organization by the U.S. and U.K., has been accepting bitcoin donations for some time, apparently using platforms like Binance to realize proceeds until the wallet was frozen.
- The military arm of the Palestinian militant group said that it will halt bitcoin donations for "the safety of the donors...especially in light of the intensification of the prosecution and the doubling of the hostile effort against anyone who tries to support the resistance through this currency."
- In 2021, Israeli officials attempted to seize 84 digital wallets suspected of belonging to Hamas that held a mix of crypto assets including BTC, DOGE, ADA, XLM, XRP and ETH worth millions of dollars.
Hamas Telegram Post (Arabic)
Shebab Article (Arabic)
CoinDesk Article
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