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Israel’s national funding bureau with collor theory today issued a confiscation order Against 84 Cryptoasset addresses believed to be controlled by Hamas or otherwise used in terror-related activities.
According to Israel’s laws against terrorist financing, this requires that anyone who receives these funds or is asked to take action with the funds, contact the Israeli police.
Elliptical analysis shows that these addresses have collectively received over $7.7 million in cryptoassems. However, some addresses are part of larger services, and not all of these assets may be linked to terrorism. When calculating this figure, we excluded funds sent to addresses known to use services such as exchanges to receive deposits from multiple users.
Many of these addresses were previously identified by an ellipsis As associated with the al-Qassam Brigades, the military wing of Hamas. The addresses were used in a fundraising campaign that raised over $100,000 in Bitcoin between January 2019 and May of this year.
The seizure order indicates that Hamas now uses a range of cryptocurrencies – including dogecoin, tether and ether. The table below shows how much of each cryptoasset was received by the addresses listed in the seizure order.
All of these addresses and the associated wallet have been added to Elliptical products, allowing our clients to detect wallets and transactions associated with this terrorist group.
Learn more about how Crypto businesses and financial institutions are using an elliptical lens to screen crypto wallets in real-time and quickly identify the owner of the wallet and its source and destination of funds.
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