Israel seizes cryptocurrency destined for Hamas terrorism funding

The Jerusalem Post

Israel Seizes Cryptocurrency Destined For Hamas Terrorism Funding

The Al'matchadun currency exchange company was accused of assisting Hamas with the transfer of tens of millions of dollars per year by the Defense Ministry.

By JERUSALEM POST STAFF

A seizure order for Hamas-destined cryptocurrency worth tens of thousands of shekels was signed by Defense Minister Benny Gantz on Monday morning

This marks the third time within a year that Israel has seized cryptocurrency accounts funding terrorism.

The 12 digital accounts and 30 digital wallets belonged to businesses associated with the Al'matchadun currency exchange company, the Defense Ministry said.

The company, owned by the Shamlach family, is alleged to be affiliated with terrorism networks.

The Shamlach family has been accused by the Defense Ministry of assisting Hamas with the transfer of tens of millions of dollars per year.

Some of the cryptocurrencies announced today as confiscated by the ministry were owned by the Shamlach family.

"We are taking all the possible measures to cut off the economic ‘oxygen supply’ to terror organizations," said Gantz.

"We continue to expand the tools to cope with terror and the companies that support it. I commend the organizations involved for their intelligence, operational, and legal cooperation. We will continue to take all the measures necessary to fight terror."

Full story https://www.jpost.com/business-and-innovation/banking-and-finance/article-698886