Israel seizes 30 crypto wallets allegedly used to fund Hamas

Digital wallets allegedly used by Hamas were seized by Israeli authorities, closing down funding methods for the Gaza-based terror group, the Defense Ministry said Monday.

Defense Minister Benny Gantz approved the seizure of some 30 cryptocurrency wallets from 12 accounts, owned by an exchange company based in the Gaza Strip, which has since been declared a terror group by the ministry.

In 2019, Hamas issued an appeal for donations from supporters via Bitcoin to help counter its financial woes. Months later, it launched an experimental program using a complex cryptocurrency system to raise money from international donors.