Crypto

US Department of Justice seizes $300,000 worth of Hamas-related cryptocurrency to prevent fundraising

2025/03/28CoinPost
Written by A.Yamada
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US Department of Justice seizes $300,000 worth of Hamas-related cryptocurrency to prevent fundraising

Cryptocurrency seized from Hamas

On the 27th, the US Department of Justice announced that it had seized crypto assets (virtual currencies) from the Islamic organization Hamas. It said it had thwarted a terrorist financing plot.

Approximately $201,400 (approximately ¥30.4 million) worth of stablecoins such as USDT stored in wallets and accounts was seized. Hamas' virtual currency address was allegedly used to launder more than $1.5 million (approximately ¥230 million) since October 2024.

USDT is a US dollar-denominated stablecoin issued by Tether, Inc., and is the leading stablecoin by market capitalization.

A stablecoin is a cryptocurrency whose price is always stable...

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MAGAZINE

Iolite Vol.13

May 2025 issueReleased on 2025/03/28
Interview Iolite FACE vol.13 Joseph Lubin, co-founder of Ethereum and founder of Consensys PHOTO & INTERVIEW Yusuke Narita Features: "Dawnbreak Players 30: 30 Web 3.0 Players to Watch in 2025", "How to Use EXPO2025 DIGITAL WALLET", "The Global Controversy Over Meme Coins: What Happened in the U.S. and Argentina", "Finally, Technology Has Entered the Social Implementation Phase: Examples of Web 3.0 Use in an Era of Declining Population" Crypto Journey: Interview with Mohsin, a Popular Crypto YouTuber Special Series: Virtual Nishi: "Market Trends in Crypto Assets and Key Points to Interpret" Series: Tech and Future: Toshinao Sasaki, etc.