Send us Bitcoin, cash-strapped Hamas pleads
search
Crypto-terror funding

Send us Bitcoin, cash-strapped Hamas pleads

Amid financial isolation, terror group’s military wing says donations of digital currency will help ‘support the resistance financially’

Bitcoin. (AFP Photo/Karen Bleier)
Bitcoin. (AFP Photo/Karen Bleier)

Hamas, which has fought three wars with Israel and faces financial isolation, called on supporters Tuesday to send funds via Bitcoin.

A spokesman for the Palestinian terror group’s military wing sent out a message calling for support to be sent in the virtual currency.

“Support the resistance financially through the Bitcoin currency,” it said, adding the exact mechanism would be announced later.

Hamas, which runs the Gaza Strip and seeks to destroy Israel, is considered a terrorist organization by Israel, the United States, the European Union and others.

Masked gunmen take part in the funeral of Mahmoud al-Nabahin, a member of the Hamas terror group’s military wing, in Buriej refugee camp, central Gaza Strip, on January 23, 2019. (AP Photo/Khalil Hamra)

It has faced financial woes in recent years as banks have sought to ensure they have no dealings with the organization.

The statement accused Israel of seeking to cut Hamas’s access to finance.

Hamas has also faced increasing financial pressure as the West Bank-based Palestinian Authority has also cut off much of its funding to the Strip.

Hamas officials say its military wing receives significant support from Iran, although the routes through which these funds are transferred are opaque.

Bitcoin has faced criticism in the past over underground websites where people have used the currency to buy drugs and guns.

Join us!
A message from the Editor of Times of Israel
David Horovitz

The Times of Israel covers one of the most complicated, and contentious, parts of the world. Determined to keep readers fully informed and enable them to form and flesh out their own opinions, The Times of Israel has gradually established itself as the leading source of independent and fair-minded journalism on Israel, the region and the Jewish world.

We've achieved this by investing ever-greater resources in our journalism while keeping all of the content on our site free.

Unlike many other news sites, we have not put up a paywall. But we would like to invite readers who can afford to do so, and for whom The Times of Israel has become important, to help support our journalism by joining The Times of Israel Community. Join now and for as little as $6 a month you can both help ensure our ongoing investment in quality journalism, and enjoy special status and benefits as a Times of Israel Community member.

Become a member of The Times of Israel Community
read more:
comments