Bitcoin (BTC) sent to Hamas through Coinbase/Binance accounts

03 Feb, 2019
by David Robb
Bitcoin (BTC) sent to Hamas through Coinbase/Binance accounts

Palestinian resistance group Hamas arranged to receive funding in Bitcoin (BTC) from Coinbase and Binance accounts. The transfers were blocked when they were detected by Israeli blockchain intelligence company Whitestream, as reported by Globes.

Hamas, which has been designated a terrorist organization by the United Nations, requested funding in a post on Telegram. It shared a Coinbase wallet address and stated that "The Zionist enemy is fighting the Palestinian resistance through an attempt to cut off aid to the resistance by any means. Lovers of the resistance all over the world, however, are combating these Zionist attempts, and are looking for all possible means to aid the resistance."

Transfers made to a Coinbase account apparently belonging to Hamas were detected by Whitestream. They may have been blocked, as they contravene Coinbase's policies regarding funding of terrorism and other illicit activities. Another BTC wallet unrelated to Coinbase received funding in two transactions, together totalling around $2,500.

Whitestream found that Hamas is also apparently using Binance and Bittrex accounts, as well as a wallet belonging to crypto payment gateway CoinPayments. 

Read more: Why hasn't the SEC approved a Bitcoin ETF yet?Will Bitcoin replace fiat money?

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Read more about:Bitcoin (BTC)


Should The Bitcoin Foundation conduct research into terror financing?

(4 votes)

Add a comment

If it were not for Whitestream Coinbase successfully financed terrorists. Why am I not surprised this is happening with Coinbase?
04 Feb, 2019 - 18:59
i don't think such news good for coinbase reputation
04 Feb, 2019 - 21:21
Coinbase reputation is already cracked. Such news only confirm it.
11 Feb, 2019 - 09:17
obviously coinbase is a good friend of terrorists )
05 Feb, 2019 - 21:12
yeah it is so, unfortunately. coinbase is bad thing and bad guys use it
08 Feb, 2019 - 08:13
what kind of man will agree to work with coinbase after such news? i hope nobody
05 Feb, 2019 - 21:26
Coinbase supports terrorism? Wow, this is something new.
09 Feb, 2019 - 10:20
Apparently Brian Amstrong was tired of earning a penny and decided to go up to a new level. Terrorism is something new for Coinbase.
10 Feb, 2019 - 10:13
Collusion with terrorists? If it was some other exchange I would be surprised but seeing Coinbase I’m not surprised at all
11 Feb, 2019 - 18:41
Is it a new way to earn money? Create a cooperation with terrorists? Wow Coinbase, I'm impressed with your fuc*ing actions.
12 Feb, 2019 - 09:57
i have always thought that coinbase is doing some suspicious activity. this exchange is definitely not reliable at all, seems like a lot of people already lost their funds there
19 Feb, 2019 - 17:15

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