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Israel Seizes Cryptocurrency Destined for Hamas Terrorism Funding

A seizure order for Hamas-destined cryptocurrency worth tens of thousands of shekels was signed by Defense Minister Benny Gantz on Monday morning, February 28. This marks the third time within a year that Israel has seized cryptocurrency accounts funding terrorism.

The 12 digital accounts and 30 digital wallets belonged to businesses associated with the Al'matchadun currency exchange company, the Defense Ministry said.

The company, owned by the Shamlach family, is alleged to be affiliated with terrorism networks. The Shamlach family has been accused by the Defense Ministry of assisting Hamas with the transfer of tens of millions of dollars per year.

"We are taking all the possible measures to cut off the economic ‘oxygen supply’ to terror organizations," said Gantz.

"We continue to expand the tools to cope with terror and the companies that support it. I commend the organizations involved for their intelligence, operational, and legal cooperation. We will continue to take all the measures necessary to fight terror."

The operation was jointly conducted by the National Bureau for Counter Terror Financing in Israel (NBCTF), the national cyber unit of Lahav 433, and the IDF’s Intelligence Division. (JPost / VFI News)