US Unseals Civil Forfeiture Action Against $2 Million in Crypto Linked to Hamas The U.S. Department of Justice and the U.S. Attorney’s Office for the District of Columbia have announced the unsealing of a civil forfeiture action targeting approximately $2 million in digital currency held in accounts with Tether Limited and Binance Holdings LTD, connected to Buy Cash Money and Money Transfer Company, a Gaza-based money transfer business allegedly involved in financially supporting Hamas, a designated foreign terrorist organization. U.S. Attorney Jeanine Ferris Pirro, Attorney General Pamela Bondi, and FBI Assistant Director Steven J. Jensen emphasized the importance of this action in disrupting the financial networks of terrorism. The forfeiture follows a history of Buy Cash and its owner, Ahmed M. M. Alaqad, being linked to various terrorist organizations, including ISIS and Al-Qaida. The complaint outlines a scheme where users funded accounts at Tether and Binance to obscure their financial support for Hamas, with one account reportedly receiving at least $4 million for this purpose.
us-unseals-civil-forfeiture-action-against-2-million-in-crypto-linked-to-hamas-the-u-s-department-of-justice-and-the-u-s-attorneys-office-for-the-district-of-columbia-have-announced-the-un

US Unseals Civil Forfeiture Action Against $2 Million in Crypto Linked to Hamas

The U.S. Department of Justice and the U.S. Attorney’s Office for the District of Columbia have announced the unsealing of a civil forfeiture action targeting approximately $2 million in digital currency held in accounts with Tether Limited and Binance Holdings LTD, connected to Buy Cash Money and Money Transfer Company, a Gaza-based money transfer business allegedly involved in financially supporting Hamas, a designated foreign terrorist organization.

U.S. Attorney Jeanine Ferris Pirro, Attorney General Pamela Bondi, and FBI Assistant Director Steven J. Jensen emphasized the importance of this action in disrupting the financial networks of terrorism. The forfeiture follows a history of Buy Cash and its owner, Ahmed M. M. Alaqad, being linked to various terrorist organizations, including ISIS and Al-Qaida. The complaint outlines a scheme where users funded accounts at Tether and Binance to obscure their financial support for Hamas, with one account reportedly receiving at least $4 million for this purpose.