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Door Remote - 16 Sep 2026
The military group said Binance “can be used to purchase currencies only, then use another application to complete the transfer process.”
The guidance offered a rare glimpse into how a sanctioned militant group instructed prospective donors to move crypto while trying to protect their identities.
The inclusion of these companies in the letter, however, doesn’t necessarily indicate that these firms have weak ‘know your customer’ (KYC) and ‘anti-money laundering’ (AML) protocols, as large crypto platforms and leading stablecoins are used for a variety of purposes.
Illicit activityCrypto has become one of several channels used by sanctioned groups and other illicit actors to move money across borders, particularly through stablecoins (cryptocurrencies designed to maintain a stable value by being pegged to a reserve asset like the U.S. dollar) and online wallets.
U.S. Treasury said in its 2026 terrorist-financing risk assessment that groups including Hamas and ISIS have continued using digital assets for donations and transfers. However, it noted that traditional financial products and services remain terrorists’ preferred means of moving money.
The U.S had refocused its counterterrorist financing efforts with regard to Hamas, particularly in the wake of the Oct. 7, 2023, attacks on Israel perpetrated by the terrorist group.
Hamas had reportedly solicited cryptocurrency donations, although the scale and effectiveness of these efforts remain unclear. The Wall Street Journal reported on October 10, 2023, that cryptocurrency wallets connected to Hamas received about $41 million between 2020 and 2023.
The guidance offered a rare glimpse into how a sanctioned militant group instructed prospective donors to move crypto while trying to protect their identities.
The inclusion of these companies in the letter, however, doesn’t necessarily indicate that these firms have weak ‘know your customer’ (KYC) and ‘anti-money laundering’ (AML) protocols, as large crypto platforms and leading stablecoins are used for a variety of purposes.
Illicit activityCrypto has become one of several channels used by sanctioned groups and other illicit actors to move money across borders, particularly through stablecoins (cryptocurrencies designed to maintain a stable value by being pegged to a reserve asset like the U.S. dollar) and online wallets.
U.S. Treasury said in its 2026 terrorist-financing risk assessment that groups including Hamas and ISIS have continued using digital assets for donations and transfers. However, it noted that traditional financial products and services remain terrorists’ preferred means of moving money.
The U.S had refocused its counterterrorist financing efforts with regard to Hamas, particularly in the wake of the Oct. 7, 2023, attacks on Israel perpetrated by the terrorist group.
Hamas had reportedly solicited cryptocurrency donations, although the scale and effectiveness of these efforts remain unclear. The Wall Street Journal reported on October 10, 2023, that cryptocurrency wallets connected to Hamas received about $41 million between 2020 and 2023.