Altcoin News Official TheBitTimes.com

A report shared by the US Treasury Department has linked Hamas to 300 instances of financing terrorism with crypto and roughly $165 million in transactions, the Wall Street Journal (WSJ) reports.  The report, seen by the WSJ and written by the Treasury’s Financial Crimes Enforcement Network, was sent by the Treasury’s deputy secretary Wally Adeyemo to Congress on Tuesday.  It claimed that 12 dozen financial institutions, including crypto exchanges, have found over 300 instances of crypto potentially being used for terrorist financing purposes which suggests that Hamas is moving funds between its operatives.  The report also linked Hamas to almost $165 million in transactions and digital assets over the past three years. It is reportedly the first formal assessment of crypto use related to Hamas as the US looks to increase its oversight of crypto and curtail Hamas’s ability to work around sanctions.  Hamas victims from the US sue Iran, Syria, Binance, and CZ Read more: Hama...

Tether, the leading global stablecoin company, has restated its commitment to collaborating closely with law enforcement authorities worldwide in order to address the issue of terrorism and conflict financed by cryptocurrencies. Thus far, Tether has provided assistance to 31 authorities on a global scale, conducting investigations in 19 different countries. This collaboration has resulted in the freezing of a cumulative sum of $835 million in assets, mostly linked to theft incidents such as blockchain and exchange hacks. A smaller fraction of these frozen assets may be attributed to other criminal activities.  Of this total, $873,118.34 was frozen from 32 addresses on Tether after they were connected to illegal activities in Israel and Ukraine, according to the company in a blog post on October 16. To combat terrorism and war financing using cryptocurrencies, Tether has partnered with the NBCTF in Israel. Tether security Tether’s ability to freeze and return stolen f...