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Home > Acquisitions > Hamas Tapped Binance to Launder Bitcoin Donations, Blockchain Data Suggests
Jun9 - 21

Hamas Tapped Binance to Launder Bitcoin Donations, Blockchain Data Suggests

Hamas has been reaping generous bitcoin (BTC, +13.9%) donations and sending them through Binance as violence escalated in Gaza this year, on-chain data shows.

According to three blockchain analytics firms and CoinDesk’s own analysis, Izz ad-Din al-Qassam Brigades, the militant wing of Hamas, received up to $100,000 in bitcoin since the beginning of 2021 – with a spike in donations in May, when Israel and Hamas exchanged multiple rocket attacks, resulting in hundreds of casualties. Read the complete article here.

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