Israel Alleges Existence of Hamas Bitcoin Wallet – Report

Middle East

Tel Aviv has long blamed Tehran for supporting Hamas, a Palestinian Sunni militant movement. Israel holds Hamas responsible for any attack coming from the Gaza Strip.

The Interdisciplinary Centre’s (IDC) International Institute for Counter-Terrorism (ICT), in the Israeli city of Herzliya, reported that al-Nasr Brigades – Lawa al-Tawahid (the military wing of the Popular Resistance Committees), allegedly operating under the auspices of Hamas, recently found a new way to fund-raise, according to a Sunday report by the Jerusalem Post.

The ICT is reported to have discovered that a Facebook page called ‘cash4ps’ allows Hamas to carry out remittances out of the Gaza Strip using cryptocurrency, rendering anonymity for donors and beneficiaries, the media report suggested.

According to a report seen by The Jerusalem Post, specialists from ICT found a particular bitcoin address which revealed “an irregular increase in the scope of activity”. A “deeper review showed that the same address served a seemingly legitimate financial website by the name of cash4ps”, according to Jpost.

An entity allegedly linked to the bitcoin address was “identified as operating an account in a banned bank”, the report claimed. According to Jpost, the Bitcoin Abuse Database flagged the online cryptocurrency ‘wallet’ as a ‘piggy bank’ for Hamas.

The Islamic National Bank – earlier designated by Washington as a terrorist entity for alleged…

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