Hamas, the Islamic Resistance Movement, is using a global finance network to avoid international restrictions by sending money through Gaza tunnels or using cryptocurrencies.
Israel has froze a Barclays bank account related to Hamas fundraising and restricted cryptocurrency accounts used to collect payments.
Hamas’ $300 million budget comes from corporate taxes, Iran, Qatar, and charity.
Hamas has been one of the more successful adopters of crypto for financing terrorism.
Blockchain experts TRM Labs noted that crypto fundraising has grown since Hamas violence, but prominent Hamas-linked support groups have shifted only a few thousand dollars through crypto since last weekend’s events.