Politics & Diplomacy
US Justice Department seizes cryptocurrency allegedly intended for Hamas
Image credit: Shehab Wire (EN)
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The U.S. Department of Justice claimed to have disrupted an ongoing scheme by Palestinian factions to raise funds through digital currencies for their activities, Shehab Wire reported. The department said it had seized more than $560,000 in cryptocurrency as part of the operation, describing the effort as targeting a persistent funding mechanism used by militant groups.
The seizure represents what American authorities characterized as a critical intervention in Hamas financing channels. Officials pointed to cryptocurrency's role in enabling cross-border transfers that circumvent traditional financial oversight. The announcement did not specify the duration of the alleged plot, the identities of those involved, or whether any criminal charges had been filed in connection with the scheme.
