US sanctions Palestinian media group Gaza Now, including its crypto wallets
US sanctions Palestinian media workers Gaza Now, along with its crypto wallets US sanctions Palestinian media workers Gaza Now, along with its crypto wallets
The UK also issued an asset freeze in cooperation with the US.
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The US Division of the Treasury and its Put of enterprise of Foreign Sources Control (OFAC) sanctioned the Palestinian recordsdata network Gaza Now on March 27 over allegations of supporting Hamas.
The Treasury sanctions also designate just a few crypto addresses linked to Gaza Now and its linked parties.
The Treasury designated an empty Bitcoin address and two Ethereum addresses conserving extra than $2,690 in ETH and other tokens. It also designated five USDT addresses conserving extra than $10,350, though easiest two addresses perceived to possess funds.
One amongst the USDT addresses turned into linked to Gaza Now founder Mustafa Ayash.
The Treasury also sanctioned Qureshi Executives, Aakhirah Slight, and their director, Aozma Sultana. It did not designate crypto addresses linked to Sultana or both firm.
Gaza Now aided Hamas fundraising
The Treasury mentioned that it imposed the sanctions as a outcome of Gaza Now allegedly supported Hamas’ fundraising efforts following the Oct. 7, 2023 assaults in opposition to Israel. Al-Qureshi Executives and Aakhirah Slight, in turn, supported Gaza Now financially and thru advertising.
Brian E. Nelson, Below Secretary of the Treasury for Terrorism and Monetary Intelligence, mentioned:
“Treasury remains committed to degrading Hamasâ ability to finance its terrorist actions.”
The Treasury imposed these sanctions in a joint effort with the UK, which one by one acknowledged that it had conducted a paunchy asset freeze. In both worldwide locations, people and entities can't dwell swap with the sanctioned parties, and transactions attractive their resources are in most cases prohibited.
Blockchain analytics agency Elliptic publicly reported in October 2023 that Gaza Now got $21,000 in crypto following the assaults, along with $2,000 frozen by exchanges and $9,000 in USDT frozen by Tether.
Mentioned on this text
Mike Dalton
Sooner than transitioning to crypto writing in 2018, Mike studied library and recordsdata sciences. At this time, he resides on Canada's West Flit.
Assad Jafri
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his abilities worldwide for over a decade. Specializing in monetary journalism, he now focuses on crypto reporting.
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