Saudi Press

Saudi Arabia and the world
Thursday, Apr 09, 2026

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
King Street Aligns with Saudi Sovereign Wealth Fund to Expand Alternative Investments in Middle East
Attack on Saudi Arabia’s Jubail Petrochemical Hub Raises Global Supply Concerns
Debate Emerges Over Saudi Strategic Decisions as Gulf Cooperation Council Dynamics Come Into Focus
Saudi Arabia Expands Full Workforce Localisation to 69 Professions in Major Labour Reform
Emerging Alliance of Pakistan, Turkey, Egypt and Saudi Arabia Signals New Regional Power Dynamic Amid Iran Conflict
Iran Linked to Strikes Across Gulf States Following Refinery Attack Escalation
Saudi Arabia Voices Concern Over Fragile US–Iran Ceasefire Stability
Starmer Warns Sustained Effort Needed to Ensure US–Iran Ceasefire Holds
Saudi Arabia’s Key East-West Oil Pipeline Targeted Following Ceasefire Announcement
Iran Targets Saudi Arabia’s East-West Oil Pipeline in Escalating Regional Tensions
Trump Warns of Civilizational Stakes as Iran Halts Negotiations
Saudi Companies Expand Remote Work Measures Ahead of Iran-Related Security Concerns
Iran Warns of Strikes on Saudi Energy Infrastructure if US Targets Its Facilities
Iran Urges Civilians to Form Human Shields Around Nuclear Sites as Diplomatic Deadline Approaches
Saudi Arabia Raises Oil Prices to Record Premiums Amid Supply Pressures Linked to Iran Conflict
Key Saudi-Bahrain Causeway Closed Amid Heightened Security Concerns Linked to Iran
Formula One Calendar Gap Explained as Fans Await Next Grand Prix
Growing Strain on the Petrodollar System Comes Into Focus Amid Iran Conflict
Reported Strike on Saudi Arabia’s Jubail Complex Raises Global Energy Supply Concerns
FedEx Introduces New Digital Tool to Streamline Imports into Saudi Arabia
Iran Claims Strike on Saudi Arabia’s Jubail Petrochemical Complex Amid Rising Regional Tensions
Taiwan to Source Oil Shipments from Saudi Arabia’s Red Sea Ports
Saudi Arabia Evacuates Riyadh Financial District as Precaution Amid Regional Tensions
Saudi Arabia Balances Ambitious Economic Vision Amid Regional Tensions and Financial Pressures
Budget Saudi Arabia Reports Strong Full-Year 2025 Financial Performance
Saudi Arabia Expands Investment in Capcom With Stake Reaching Six Percent
Saudi Arabia Assesses Significant Economic Impact From Regional Conflict Involving Iran
US Beef Secures Expanded Market Access in Saudi Arabia
Jordan and Saudi Arabia Declare Absolute Solidarity in Response to Iranian Threats
Saudi Arabia Raises Oil Prices to Record Premium Amid Strong Market Demand
California’s Salton Sea Emerges as Strategic Lithium Hub for Clean Energy Future
Iranian Drone Strike on US Embassy in Saudi Arabia Reportedly Targeted Intelligence Facility
Saudi Deputy Foreign Minister Meets French Embassy Official to Strengthen Bilateral Engagement
Saudi Arabia Calls on United States to Seize Strategic Opportunity to Reshape Middle East
Dating Apps Surge in Saudi Arabia as Social Norms Rapidly Evolve Among Youth
Saudi Arabia Detains Over Fourteen Thousand Illegal Residents in Week-Long Enforcement Drive
Saudi Foreign Minister Engages in Diplomatic Talks with Pakistan, Kuwait and Latvia on Regional Developments
Saudi Arabia Intercepts Cruise Missile as Regional Tensions Intensify
Saudi Stock Market Edges Higher as Tadawul Index Records Modest Gain
Underlying Rivalry Between Saudi Arabia and UAE Persists Despite Temporary Calm
Saudi Arabia’s Non-Oil Sector Contracts in March as Regional Tensions Weigh on Business Activity
Saudi Arabia Unveils Ambition to Establish Prestigious Global Prize Rivaling the Nobel
Saudi Crown Prince to Engage Wall Street in Push for Investment and Economic Expansion
Iran Accuses Saudi Arabia and UAE After Downing of Chinese-Made Drone
Saudi Arabia Condemns Attack on Hospital in Sudan, Calls for Protection of Civilians
Coordinated Drone Strike Targets CIA Facility Within US Embassy in Saudi Arabia
Italy’s Meloni Prioritises Energy Security and Strait of Hormuz Stability During Gulf Tour
Uncertainty Emerges Over Timeline and Direction of Saudi Arabia’s Ambitious Ski Resort Project
UAE and Saudi Arabia Escalate Strategy with Drone Operations Targeting Iran
Trump Delivers Characteristic Remarks on Saudi Crown Prince Amid Intensifying Iran Conflict
×