Israel's military massed troops on the border with Gaza as airstrikes pummeled the Palestinian enclave in the wake of Saturday's attack by Hamas.
In the year leading up to the Oct. 7 attack, three militant groups—Hamas, Palestinian Islamic Jihad and their Lebanese ally Hezbollah—received large amounts of funds through crypto, according to a review of Israeli government seizure orders and blockchain analytics reports.
Digital-currency wallets that Israeli authorities linked to the PIJ received as much as $93 million in crypto between August 2021 and June this year, analysis by leading crypto researcher Elliptic showed. Wallets connected to Hamas received about $41 million more over a similar time period, according to research by another crypto analytics and software firm, Tel Aviv-based BitOK.
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