U.S. Justice Department Seizes $201,400 in Cryptocurrency Linked to Hamas Funding, Over $1.5M Funneled to Group

The U.S. Justice Department has seized $201,400 in cryptocurrency linked to Hamas, disrupting a network of digital wallets intended for the group's funding. The seizure is part of a broader effort to combat the financing of terrorism through digital assets, with over $1.5 million reportedly funneled to Hamas since October. This action highlights the increasing scrutiny on cryptocurrency as authorities work to address its use in illicit activities. Additionally, the U.S. Treasury Department has imposed sanctions targeting individuals and entities involved in financing Hezbollah, further expanding its crackdown on terrorist financing. Recent sanctions include measures against six individuals and seven entities connected to money laundering operations.

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