Oct 13, 2023

How cryptocurrency helps fund Hamas

Smoke billows over southern Israel after a rocket attack from the Gaza Strip on Oct. 10. Jack Guez/AFP via Getty Images

Crypto is one funding mechanisms that has allowed Hamas to evade U.S. sanctions. Also: the latest on crude oil prices and government bonds.

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Israel-Hamas War

Crypto is one way Hamas gets its funding

by David Brancaccio and Alex Schroeder

Oct 13, 2023

But it's only one tool for evading sanctions. And it's actually easier to track cryptocurrency movement than you might think.

In April, Hamas announced it would no longer be taking donations in crypto because law enforcement has been able "to trace and track these flows," said Ari Redbord of TRM Labs.

Jack Taylor/Getty Images

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David Brancaccio Host

Leanna Byrne Host, BBC

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