Blow to Hamas: IDF Confiscates NIS 2.6 Million in Cryptocurrency
Defense Minister Benny Gantz (Blue and White) this week signed an order for the seizure of cryptocurrencies in the amount of NIS 2.6 million ($836,467) from the al-Mathaddon exchange company, belonging to the Malach family and linked to Hamas in Gaza, Israel Hayom reported.
The move follows a seizure of other digital wallets, which Gantz started a few months ago. Following the order, about 150 digital wallets of al-Mathaddon were then confiscated.
The company was attempting to send fund to Hamas. According to security sources, the company increased activity after the assassination of terrorist Hamed Ahmed Khudari, also a money changer responsible for funding terrorism.
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