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OFAC targeted a Gaza military commander and France-based fundraisers who moved over $2 million, including hundreds of thousands in cryptocurrency.
Key point 1 of 3
01
OFAC sanctioned three individuals and two French entities for financing Hamas using charities and cryptocurrency .
Key point 2 of 3
02
The network raised over $2 million between 2020 and 2026, with $1.5 million collected after Oct. 7, 2023 .
Key point 3 of 3
03
France-based fundraisers transferred hundreds of thousands of dollars in crypto to a Gaza military commander .
Context
US authorities have consistently targeted digital asset rails and charitable fronts utilized by designated foreign terrorist organizations to circumvent global banking scrutiny.
Why it matters
All US assets belonging to the named entities are frozen, and crypto intermediaries or offshore banks processing transactions for them face strict secondary sanctions.
What to watch
Potential secondary designations or asset seizure filings stemming from the FBI's coordinated multi-jurisdictional investigation.
Sources
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