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FBI Seizes Hamas Fundraising Infrastructure as Crypto Confiscations Reach $560,000

The DOJ said crypto seizures linked to Hamas fundraising reached $560,000. The FBI also took control of domains and servers, including Alqassam.ps, to intercept donations and prevent further fundraising for the Al-Qassam Brigades.

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FBI Seizes Hamas Fundraising Infrastructure as Crypto Confiscations Reach $560,000
The U.S. Department of Justice said cryptocurrency seizures linked to Hamas fundraising have reached $560,000, according to CoinDesk. FBI agents also took control of fundraising-related domains and servers, including Alqassam.ps, in an effort to intercept donations and stop additional fundraising for the Al-Qassam Brigades. The action targets the online infrastructure used to solicit crypto contributions. The DOJ’s reported seizure total provides the latest indication of the funds recovered in the operation, while the FBI’s control of the sites is intended to disrupt further collection activity. The development is relevant to digital-asset markets because it highlights the use of blockchain-based fundraising channels and the role of U.S. authorities in restricting them.
Source CoinDesk This is an original Moneyiar brief based on the cited source.
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