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Cryptocurrency fueled Hamas' war machine

October 11, 2023
Source: qz.com qz.com
News Snapshot:
The attacks launched by Hamas against Israel leveraged modern technology: rockets, drones, and paragliders, not to mention mobile phone cameras and internet connections to broadcast their crimes to the world. Where did the money for all this come from? In part, cryptocurrency. Decentralized finance has always been pitched as a way to avoid the difficulties of the regulated global financial system, and crypto has long been used to fuel black markets. But its role as a source of finance for terror groups hasn’t always made the Web3 pitch decks. Advertisement In August 2020, the US government seized million of dollars...
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Tags: advertising | Attack | bitcoin | blockchain | broadcast | China | crypto | cryptocurrency | currency | customer | development | digital | Dogecoin | Dollar | Elon Musk | Emirates | finance | financial | financing | fintech | fraud | government | Internet | investment | Israel

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