Blockchain forensics firm Elliptic denies significant crypto donations to Hamas, calling the claims baseless.
Only $21,000 raised in crypto for Hamas since October 7, with much of it frozen by authorities.
Elliptic, a blockchain forensic firm, has refuted claims that Hamas received substantial cryptocurrency donations for funding its activities. In an official statement released on October 25, the firm stated that no concrete evidence supports the assertion that Hamas has received significant cryptocurrency donations.
Setting the record straight on crypto crowdfunding by Hamas https://t.co/1tZrE1C43V
— Elliptic (@elliptic) October 25, 2023
Elliptic reacted to recent articles and letters by The Wall Street Journal and United States lawmakers, who alleged widespread use of cryptocurrency to finance Hamas’ terrorist activities. According to Elliptic, the amounts raised through cryptocurrency donations remain insignificant.
Elliptic pointed to a prominent Hamas cryptocurrency fundr
