Analysts claim that the fight between Israel and Hamas has moved to a new front: cryptocurrency.
In recent days, US and Israeli officials have stepped up their financial investigation against Hamas as they pursue money laundering using digital currencies.
As a result, there is currently less crypto transfer activity on pro-Hamas support networks, according to Ari Redbord, worldwide policy head at crypto tracking expert TRM Labs.
“We are seeing a lot less activity in some respects since the war began,” Redbord told AFP.
This is “primarily because Israel has been very aggressive and successful in taking down these fundraising efforts”, he added.
According to Israeli authorities, on October 7, Hamas militants launched an unprecedented cross-border offensive on Gaza, killing over 1,400 people and kidnapping 222 more with a barrage of rockets. In retaliation, Israel attacked Gaza.
The health ministry operated by Hamas reports that over 6,500 Palestinians have died in Gaza as a result of Israeli bombardment.
