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Terror Groups Exploit Crowdfunding Gaps for Gaza Aid
US federal indictments reveal that Hamas and Islamic Jihad are allegedly using crowdfunding platforms and cryptocurrency to funnel donations intended for humanitarian aid to terrorist activities in Gaza.
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What happened
- 01US indictments allege Hamas and Islamic Jihad exploit crowdfunding for Gaza aid, funneling funds via crypto.
- 02Catherine Washburn indicted for raising over $30,000 in crypto for an Islamic Jihad operative.
- 03Regulatory loopholes in crowdfunding platforms enable terrorist groups to raise funds with limited oversight.
- 04Hamas officials accused of raising millions for Gaza, diverting funds through crypto exchanges.
- 05Platforms like Chuffed, Binance, Coinbase, and Bybit are implicated or did not comment on allegations.
An investigation by Shomrim and N12 magazine traced these funds, highlighting regulatory loopholes that allow terrorist groups to raise significant sums with limited oversight. Cases include a New York woman indicted for raising over $30,000 for an Islamic Jihad operative and accusations of Hamas officials raising millions under the guise of aid. Major crowdfunding platforms and crypto exchanges have been contacted but have not provided comment.
The coverage
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Who covered it
Coverage from N12 More reports may be added as coverage is matched.