US Treasury Department Reports $165 Million in Potential Crypto Transactions Tied to Hamas

Financial institutions have reported potential crypto transactions worth $165 million that may be linked to Hamas, according to the US Treasury department's bureau that combats terrorism financing. The Financial Crimes Enforcement Network analyzed suspicious activity reports filed between January 2020 and October 2023. The Treasury Department is still conducting "ongoing analysis" on the potential threats posed by cryptocurrencies and crypto services. Lawmakers have scrutinized the potential role crypto may have played in Hamas' attack on Israel last October.