The U.S. Department of Justice has seized approximately $201,400 in cryptocurrency intended to finance Hamas, effectively disrupting an ongoing terrorist funding scheme.
According to authorities, the funds were traced to Hamas-controlled fundraising addresses, which have laundered over $1.5 million in virtual currency since October 2024.
“At Attorney General Pam Bondi’s direction, the Department of Justice is committed to dismantling Hamas using every tool at our disposal,” said Sue J. Bai, head of the Justice Department’s National Security Division.
“These seizures show that this office will search high and low for every cent of money going to fund Hamas, wherever it is found, and in whatever form of currency,” U.S. Attorney Edward R. Martin Jr. added.
The FBI led the investigation, tracking funds laundered through multiple cryptocurrency addresses and exchanges.
“Disrupting funding mechanisms and seizing cryptocurrency from Hamas is one of the FBI’s many tools that we use in the fight against terrorism,” said Assistant Director David J. Scott of the FBI Counterterrorism Division.
Authorities confiscated various assets, including crypto wallets valued at approximately $89,900 and three accounts holding $111,500, which were registered under Palestinian individuals in Turkey and other locations.
The investigation was conducted by the FBI’s Albuquerque Field Office, the Counterterrorism Division, and the Cyber Division.
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