The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Gaza-based crypto broker Buy Cash Money and Money Transfer Company (Buy Cash) and its operator, Ahmed M. M. Alaqad, for facilitating crypto transactions for Hamas. Buy Cash, which has ties to terrorist groups, offers money transfer and cryptocurrency exchange services, including Bitcoin. Israeli authorities had previously seized wallets associated with the broker in 2021. The OFAC’s actions are part of a broader international effort to restrict Hamas’s financial resources. In a separate development, stablecoin issuer Tether froze 32 addresses associated with conflicts in Israel and Ukraine, while the Israeli police, with support from Binance, successfully froze cryptocurrency accounts used by Hamas for fundraising.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Middle East |
| Countries | 🇮🇱 |
| Sentiment | negative |
| Relevance Score | 1 |
| People | Ahmed M. M. Alaqad |
| Companies | Islamic State of Iraq and Syria (ISIS), stablecoin issuer Tether, Al-Qa’ida-related groups, Arkham Intelligence, Israeli police., Israeli authorities, Hamas, Buy Cash Money and Money Transfer Company, Israel’s National Bureau for Counter-Terrorist Financing (NBCTF), Popular Front for the Liberation of Palestine (PFLP), U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), Binance, Palestinian Islamic Jihad (PIJ) |
| Currencies | Bitcoin, Tether |
| Securities | None |
