Israel says it is targeting Hamas’s cryptocurrency accounts

Israel says it ‘uncovered a web of electronic wallets’ used by Hamas to raise funds.

Israel has said it will begin seizing cryptocurrency accounts used by the Palestinian Hamas group to raise money for its armed wing. Israeli Defence Minister Benny Gantz ordered security forces on Thursday to seize the accounts after a joint operation, the ministry said, “uncovered a web of electronic wallets” used by Hamas to raise funds using Bitcoin and other cryptocurrencies. It added that Hamas has been waging an online campaign to raise donations for its military wing, efforts that accelerated after the 11-day war in Gaza in May this year.