enforcement action

Treasury crackdown exposes crypto's role in $2 million Hamas fundraising network

0Importance
closedStatus
1News media
1Pieces
Published
Updated
Since then
1 new report
In
Geopolitics

The U.S. Treasury sanctioned a Hamas military-wing member, two France-based individuals, and two charities tied to a fundraising network that it said raised more than $2 million. The network’s activity included hundreds of thousands of dollars in crypto, and some of those funds were converted to cryptocurrency and transferred to Gaza. Treasury also split the fundraising total into about $500,000 raised before Oct. 7, 2023, and $1.5 million raised in the 13 months after that date.

Share on X Share on Telegram Share on Reddit Share on WhatsApp

Key claims & sources

✓
The U.S. Treasury Department sanctioned a Hamas military-wing member, two France-based individuals, and two charities tied to a fundraising network that it said raised more than $2 million.
Treasury crackdown exposes crypto's role in $2 million Hamas fundraising network
✓
The Treasury description said hundreds of thousands of dollars in the network moved in crypto.
Treasury crackdown exposes crypto's role in $2 million Hamas fundraising network
✓
The network’s total was described as about $500,000 raised before Oct. 7, 2023, and $1.5 million raised during the following 13 months.
Treasury Sanctions France Network That Raised More Than $2 Million
✓
Tens of thousands of dollars were converted into cryptocurrency and transferred to Gaza.
Treasury Sanctions France Network That Raised More Than $2 Million

What it means

People tied to the network are the ones affected immediately, because Treasury named a Hamas military-wing member, two France-based individuals, and two charities in the action. The notice also puts the crypto-linked transfers in view for anyone following humanitarian charity flows or sanctions enforcement.

What changed in practice is that the network now sits under U.S. sanctions, and Treasury’s account places its fundraising and crypto transfers in a named enforcement action. Before that action, the reported activity included money being converted to cryptocurrency and sent onward to Gaza; that detail remains part of what is described here.

Market reaction i

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market
first headline
+0.2% 2 h before
-0.2% 4 h after
$2.9Tmarket cap at publication
12data points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 5 11:08

What US 10-year Treasury has done before

WhenWhat happenedFigure
3 days ago US 10-year Treasury: 4.84 (-0.06) fall Nov 2026
4 days ago US 10-year Treasury: 4.9 (-0.05) fall Nov 2026
5 days ago US 10-year Treasury: 4.95 (+0.04) rise Nov 2026
6 days ago US 10-year Treasury: 4.91 (-0.03) fall Nov 2026
9 days ago US 10-year Treasury: 4.94 (-0.04) fall Oct 2026

FRED series, with the value of each release and its change.