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US seizes $200,000 from cryptocurrency scheme to support Hamas

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US seizes 0,000 from cryptocurrency scheme to support Hamas

The US Justice Department seized $201,400 in cryptocurrency and a network of digital wallets intended for the support of Hamas, the department’s Office of Public Affairs announced.

An encrypted group chat claiming association with Hamas allegedly provided donors with a shifting set of at least 17 cryptocurrency addresses, with funds reportedly sent to a wallet and laundered through a series of virtual currency exchanges and transactions by financiers and brokers, according to the Thursday press release.

It was alleged that over $1.5 million in cryptocurrency had been laundered for Hamas through this system since October.

An account valued at $89,900 and three more totaling about $111,500 were seized in the FBI Albuquerque field office-led investigation. The accounts were registered in the names of Palestinians living in Turkey and other locations.

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FBI Counterterrorism Division Assistant Director David J. Scott said, “Disrupting funding mechanisms and seizing cryptocurrency from Hamas is one of the FBI’s many tools that we use in the fight against terrorism.”

An FBI logo is pictured on an agent’s shirt. (credit: REUTERS/CARLO ALLEGRI)

FBI Albuquerque Special Agent in Charge Raul Bujanda stated that disrupting funds weakened the terrorist organization’s ability to function.

Financial warfare is critical in fight against terror

“This success demonstrates that financial warfare is a critical component to fight terrorism,” Bujanda said. ‘We will continue to do everything in our power to protect the American people and pursue justice by depriving terrorist organizations of the resources they need to continue their illicit activity.”

Interim District of Columbia US Attorney Edward Martin Jr. reminded in the press release that Hamas was responsible for the death of US and Israeli citizens, and Justice Department National Security Division head Sue Bai promised that the government body was committed to dismantling Hamas.

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Hamas is no stranger to using cryptocurrencies to gather funds.

In 2023, Binance settled with the US Department of the Treasury, paying over $4 billion dollars for failing to prevent and report transactions to Hamas’s Izzadin al-Qassam Brigades, Palestinian Islamic Jihad, al-Qaeda, and the Islamic State of Iraq and Syria.


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Binance was sued last February by October 7 massacre victims for facilitating Hamas and PIJ funding that they allege was later used in the 2023 pogrom in southern Israel.

A 2021 Coindesk analysis alleged that Hamas received up to $100,000 in bitcoin during that year leading up to Operation Guardian of the Walls. 



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Westlake police say cryptocurrency scam cost woman over $5,000

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Westlake police say cryptocurrency scam cost woman over ,000

WESTLAKE, Ohio – A convenience store clerk at 1:30 p.m. on Nov. 26 alerted a police dispatcher that a female customer was feeding large amounts of cash into a cryptocurrency ATM at the store on Center Ridge Road at Dover Center Road.

The clerk said the customer would not believe the clerk’s warning that she was being scammed.

Officers arrived to find the 71-year-old still “anxiously depositing” cash into the machine. Officers told her to stop, but she did not believe the uniformed men. The officers talked to her for several minutes before she finally believed that there was an issue. She was still on the phone with the scammer at the time.

The incident started that morning when the victim received a pop-up message on her home computer instructing her to call a provided support phone number due to a supposed issue with the computer’s operating system. She called the number and was connected to a man who claimed he was a representative from Apple, according to a police department press release.

The man talked her into allowing him remote access to her computer while he asked for her bank information. The scammer talked the victim into believing that there was a problem with her accounts, and she was at risk of losing $18,000 in connection with pornographic websites out of China or Mexico.

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She was connected to a fake fraud department for her bank, and another scammer persuaded her to go to a bank and withdraw as much cash as they would allow. The scammer even told her to give the teller a story about needing cash to buy a car. The perpetrator kept the woman on the phone as she took out cash and traveled to the crypto ATM. The victim had deposited approximately $5,500 before officers persuaded her to stop. The Westlake Detective Bureau is attempting to recover the lost funds.

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Youtube Expands Creator Monetization Using Paypal USD Stablecoin

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Youtube Expands Creator Monetization Using Paypal USD Stablecoin
Youtube has reportedly begun letting U.S. creators receive payouts in Paypal’s dollar-pegged stablecoin, Paypal USD (PYUSD), signaling a shift toward regulated digital currencies as mainstream payment tools and deepening stablecoins’ role in creator monetization.
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Cryptocurrency Company Tether Bids For Italian Soccer Club Juventus

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Cryptocurrency Company Tether Bids For Italian Soccer Club Juventus
Stablecoin issuer Tether said Friday it has submitted an all-cash offer to buy Italian soccer juggernaut Juventus from the Agnelli family, a novel bid by a cryptocurrency company to acquire a blue-chip global soccer club from one of Europe’s most storied dynasties.

Tether is the largest stablecoin issuer with $186 billion of its USDT tokens in circulation. The company previously took an

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