5 Indicted in France Over Alleged $2M Crypto Aid to Hamas
Key Summary
Five individuals have been indicted in France over allegations that they funneled $2 million in cryptocurrency to Hamas' al-Zaq military wing between 2020 and 2026. The indictment is part of a joint U.S.-French probe into non-profit schemes allegedly using bitcoin and remittance platforms to aid Hamas. The individuals were accused of using humanitarian aid appeals to divert the funds, which were then laundered through various channels. French and U.S. courts will advance joint proceedings to prosecute suspects and trace digital assets. The indictment is seen as a significant development in the fight against terrorist financing and the use of cryptocurrencies for illicit activities.
French and U.S. law enforcement have dismantled an international network of non-profit associations accused of using humanitarian aid appeals to divert over $2 million to Hamas’ military wing between 2020 and 2026. French Arrests and U.S. Sanctions A joint investigation by French and U.S. law enforcement has uncovered a network of non-profit associations accused of […]