4 weeks ago
The US Department of the Treasury and its Office of Foreign Assets Control (OFAC) sanctioned the Palestinian quality web Gaza Now connected March 27 implicit allegations of supporting Hamas.
The Treasury sanctions besides designate respective crypto addresses linked to Gaza Now and its related parties.
The Treasury designated an bare Bitcoin code and 2 Ethereum addresses holding much than $2,690 successful ETH and different tokens. It besides designated 5 USDT addresses holding much than $10,350, though lone 2 addresses appeared to incorporate funds.
One of the USDT addresses was linked to Gaza Now laminitis Mustafa Ayash.
The Treasury besides sanctioned Qureshi Executives, Aakhirah Limited, and their director, Aozma Sultana. It did not designate crypto addresses related to Sultana oregon either company.
Gaza Now aided Hamas fundraising
The Treasury said that it imposed the sanctions due to the fact that Gaza Now allegedly supported Hamas’ fundraising efforts pursuing the Oct. 7, 2023 attacks against Israel. Al-Qureshi Executives and Aakhirah Limited, successful turn, supported Gaza Now financially and done advertising.
Brian E. Nelson, Under Secretary of the Treasury for Terrorism and Financial Intelligence, said:
“Treasury remains committed to degrading Hamas’ quality to concern its violent activities.”
The Treasury imposed those sanctions successful a associated effort with the UK, which separately stated that it had performed a afloat plus freeze. In some countries, individuals and entities cannot bash concern with the sanctioned parties, and transactions involving their assets are mostly prohibited.
Blockchain analytics steadfast Elliptic publically reported successful October 2023 that Gaza Now received $21,000 successful crypto pursuing the attacks, including $2,000 frozen by exchanges and $9,000 successful USDT frozen by Tether.
The station US sanctions Palestinian media radical Gaza Now, including its crypto wallets appeared archetypal connected CryptoSlate.
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