Saudi Press

Saudi Arabia and the world
Saturday, Feb 22, 2025

Israel-Gaza Conflict Spurs Bitcoin Donations to Hamas

Israel-Gaza Conflict Spurs Bitcoin Donations to Hamas

The Palestinian militant group Hamas has seen a surge in cryptocurrency donations since the start of the armed conflict with Israel last month, a senior official with the group said, exploiting a trend in online fundraising that has enabled it to circumvent international sanctions to fund its military operations.
The international attention to the recent fighting drew new eyeballs to websites run by Hamas’s armed wing, the Izz ad-Din al-Qassam Brigades, and that surge translated into donations for its military operations, the senior Hamas official said.

“There was definitely a spike” in bitcoin donations, he said. “Some of the money gets used for military purposes to defend the basic rights of the Palestinians.”

Hamas, which rules the Gaza Strip, is designated by the U.S., the EU and other Western nations as a terrorist entity. Those sanctions forced it to turn years ago to covert methods of financing outside the international banking system. As the cryptocurrency industry grew, Hamas began capitalizing on its ability to make transactions anonymous.

The Hamas official, who spoke on condition he not be named, declined to say how much cryptocurrency the group has received but said its proportion of overall revenue was rising. Last year, U.S. federal authorities seized more than $1 million in cryptocurrency tied to the al-Qassam Brigades.

The U.S. and its allies say Hamas’s supporters in recent years have funneled hundreds of millions to the terrorist organization. In 2019, for example, the U.S. Treasury said the al-Qassam Brigades had received more than $200 million from Iran’s Islamic Revolutionary Guard Corps in the previous four years.

Ari Redbord, a former senior Treasury Department official and federal prosecutor who specialized in terror-financing and cryptocurrency, said high-profile clashes such as the one last month offer Hamas a catalyst for donations.

“Terrorist organizations have traditionally used those sorts of rallying cries to drive engagement to their site, which drives fundraising,” said Mr. Redbord, now at TRM Labs, a company that tracks digital assets.

Between May 10 and 20, while Hamas and Israeli forces clashed, al-Qassam’s flagship website, alqassam.ps, saw a sizable increase in traffic and engagement, which is the length of time visitors remain on the site, according to an analysis by the Counter Extremism Project, a New York-based nonprofit group that describes Hamas as a violent Islamist extremist group.

The site’s popularity on traffic-tracking firm Alexa leapt into the top 100,000 sites online from its previous ranking of 831,992 during that period. One in five of the visitors to alqassam.ps hails from Saudi Arabia, according to Alexa. Traffic and engagement to another major Palestinian militant site, saraya.ps, also rose during the conflict. According to Alexa, its ranking leapt to 255,885 after the conflict from 993,000 just before. The largest group of visitors, 28%, are based in Yemen, the traffic-tracker says.

On Telegram—a Dubai-based encrypted messaging platform that also facilitates financial transactions—the al-Qassam channel has gained 261,000 followers, six times more than that of Hamas’s political wing. Telegram didn’t return a request for comment.

In Arabic, English and Hebrew editions alqassam.ps offers news, statements, information about the group and its activity, and more. The site also offers an animated video soliciting bitcoin donations that gives prospective donors advice on how to conduct the transaction anonymously while avoiding regulators. The al-Qassam Brigades’ video tutorial advises prospective donors to use public computers and software to obscure their location and cryptocurrency platforms based in the British Virgin Islands and the Seychelles.

“Ask any money exchange to deposit the amount in the wallet address you got from the Qassam website without mentioning to whom the address belongs,” it says in English-language subtitles accompanying the Arabic-language video.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Saudi Arabia and the United States Strengthen Ties Amid Global Developments
Saudi Arabia Hosts Global Conference to Promote Islamic Unity
The Impact of Artificial Intelligence on Education and Child Development
Saudi Arabia Announces Competition for Best Founding Day Outfits
Saudi-EU Food Security Officials Hold Talks to Strengthen Collaboration
Putin Expresses Gratitude to Saudi Crown Prince for Hosting US-Russia Talks
UK and Saudi Arabia Enhance Collaboration in Innovation and Technology
Denmark's Embassy in Riyadh Showcases Danish Cuisine with Saudi Influence
Saudi Artist Salman Al-Amir Unveils 'Tafawut' Exhibition in Riyadh
Saudi Arabia Offers Condolences to Kuwait Following Military Exercise Fatalities
Saudi Ministry of Islamic Affairs Completes Ramadan Preparations in Madinah
Etidal Secretary-General Hosts UN Counter-Terrorism Director in Riyadh
ADNOC Drilling Targets Over $1 Billion in Investments for 2025 Amid Gulf Expansion Plans
Derayah Financial Achieves Remarkable Growth in Saudi Brokerage and Asset Management
Saudi Arabia Shortlists 30 Firms for Mining Licenses in Eastern Province and Tabuk
Saudi Foreign Minister Engages Counterparts at G20 Meeting in Johannesburg
Oil Prices Decline Amid Rising US Inventories
Saudi Arabia's NDMC Plans Green Bond Issuance by 2025
Moody’s Affirms Egypt’s Caa1 Rating Amid Positive Economic Outlook
Oman and Saudi Arabia Strengthen Economic Ties with New Agreements
Saudi Arabia Investments Propel Expansion of Qurayyah Power Plant
Saudi Capital Market Authority Advances SPACs and Direct Listings
Global Energy Leaders Gather in Riyadh for Symposium on Energy Outlooks
Al-Ahsa Region Sees 500% Growth in Tourism as Saudi Arabia Prioritizes Development
Saudi Arabia Advances Entrepreneurial Ecosystem in Al-Ahsa with New Agreement
King Salman Approves Official Saudi Riyal Symbol
Saudi Credit Card Lending Reaches $8.4 Billion Amid Digital Payment Expansion
King Salman Approves Official Symbol for Saudi Riyal
Putin Thanks Saudi Crown Prince for Facilitating U.S.-Russia Discussions
Saudi Foreign Minister Attends G20 Meeting in Johannesburg
Saudi Arabia Prepares for Nationwide Founding Day Celebrations
Inauguration of Hira Park and Walkway Enhances Jeddah's Urban Landscape
Crown Prince Hosts Leaders for Informal Meeting in Riyadh Amid Gaza Rebuilding Plans
Saudi Official Highlights Achievements and Media's Role in National Transformation
Three Expatriate Women Arrested for Prostitution in Riyadh
Saudi Arabia's Diplomatic Evolution Highlighted at Saudi Media Forum
Healthy Eating and Preparation Essential for Ramadan Fasting
Saudi Arabia and Japan Forge Sustainable Textile Partnership
Advanced Limb Surgery Restores Mobility in Pediatric Cancer Patient
Jeddah Event Explores AI's Role in Boosting Saudi Arabia's SME Sector
UN Representative Highlights AI's Role in Perpetuating Gender Stereotypes
Saudi and Jordanian Leaders Discuss Enhanced Security Cooperation in Amman
Saudi British Society Honors Cultural Bridge-Builders at London Gala
Saudi Media Forum 2025 Explores AI's Role in Modern Journalism
Saudi Arabia's Saqer Al-Moqbel Appointed as WTO General Council President for 2025–2026
Saudi Deputy Ministers Engage in Diplomatic Discussions with U.S. and Dutch Officials in Riyadh
Saudi Arabia to Launch Iftar Program in 61 Countries During Ramadan
Saudi Visitors Expected to Spend £942 Million in UK During 2025
Saudi Arabia Gifts Kaaba's Kiswah to Uzbekistan's Center of Islamic Civilization
Digital Cooperation Organization Concludes Fourth General Assembly with Multiple Agreements
×