US Department of Justice Seizes $200,000 in Virtual Assets Used for Hamas Money Laundering
Summary
- The US Department of Justice announced that it has seized $200,140 in virtual assets used for money laundering by the Palestinian militant organization Hamas.
- The seized assets are stored in multiple virtual asset wallets and were found to have been used for laundering over $1.5 million.
- The money laundering was identified as suspicious transactions through virtual asset exchanges and OTC brokers.
The US Department of Justice (DOJ) announced that it has seized over $200,000 in virtual assets (cryptocurrency) used to fund the Palestinian militant organization Hamas.
According to Cointelegraph on the 28th (local time), the virtual assets seized by the DOJ amount to a total of $200,140 and were traced from a fundraising virtual asset wallet suspected to be operated by Hamas. The wallet was found to have been used for laundering over $1.5 million in virtual assets since October 2024.
The money laundering was carried out through transactions utilizing multiple virtual asset exchanges, over-the-counter (OTC) brokers, and suspicious fundraisers. Meanwhile, the assets seized by the DOJ are stored in at least 17 different wallets.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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