IDC identifies Hamas bitcoin front with Iran links

A website called “cash4ps” enables Hamas to send and receive money out of Gaza for operational terror purposes while simultaneously providing a measure of anonymity to either donors or beneficiaries.

IDC identifies Hamas bitcoin front with Iran links
IDC identifies Hamas bitcoin front with Iran links

 

IDC’s International Institute for Counter-Terrorism (ICT) has identified a bitcoin front for Hamas which has links to Iran in a report exclusively obtained by The Jerusalem Post.

 

According to the IDC-ICT Cyber desk report, the al-Nasr Brigades – Lawa al-Tawahid – serve as the military arm of the Popular Resistance Committees, was formed in 2001 by Jamal Abu Samhadna Abu Atayya and operates under the auspices of Hamas.

The report also says that the brigades have been funded by Iran in the past, but appear to be low on Iranian funds in the present, leading to the new bitcoin fund-raising initiative.

 

In addition, the organization is known for its kidnapping operation of Gilad Schalit.

 

In the ICT report, the Hamas and Iran-linked group’s network of online media platforms is deciphered as well as how they all interact to raise funds for the group.

 

A website called “cash4ps” enables Hamas to send and receive money out of Gaza for operational terror purposes while simultaneously providing a measure of anonymity to either donors or beneficiaries of the funds, said the report.

 

While monitoring Bitcoin address 1LaNXgq2ctDEa4fTha6PTo8sucqzieQctq, ICT’s cyber desk noted “an irregular increase in the scope of activity,” and a “deeper review showed that the same address served a seemingly legitimate financial website by the name of cash4ps.”

It added that the company connected to the bitcoin address in question “has been identified as operating an account in a banned bank.”

 

A check with BitcoinWho’sWho.com did not reveal any fraud alert associated with the wallet, yet the report said that the Bitcoin Abuse Database website flagged the wallet as a fund-raising wallet for Hamas, the report stated.

 

Read more …

Iran Briefing | News Press Focus on Human Rights Violation by IRGC, Iran Human Rights

 

Latest news
Related news