Crypto has been utilized by terrorists and rebel teams around the globe over the previous few years. In 2021, international crypto alternate Binance reportedly froze the accounts managed by the militant wing of Hamas, which amassed round $80,000 in a single month, CoinDesk reported. Apparently, the traceability of bitcoin led to Hamas abandoning it as a fundraising methodology in 2023 “for the protection of its donors,” the teams introduced in April.
