The U.S. Treasury Department announced sanctions against a Hamas military‑wing member, two individuals based in France and two charities for allegedly funneling more than $2 million to the group through cryptocurrency and humanitarian‑aid fronts. Treasury said the collection of funds spanned 2020 through 2026, with $1.5 million raised after Hamas’s October 7, 2023 attack on Israel, and that hundreds of thousands of dollars in digital assets were sent to a Gaza‑based Hamas commander. The sanctions freeze any assets held under U.S. jurisdiction, prohibit American persons from transacting with the designated parties and expose foreign financial institutions that facilitate significant transactions to potential penalties. Treasury alleged that Faouzi Barika and Amel Oualid gathered money in France under the guise of humanitarian aid before transferring it to Hamas, which has governed the Gaza Strip since 2007. The network moved more than $2 million between 2020 and 2026, including the post‑attack sum, and transferred crypto to Saleem Abdallah Saleem al‑Zaq, a deputy battalion commander in Hamas’s Al‑Qassam Brigades. Treasury officials emphasized that terrorist groups rely on sophisticated financial facilitators and fraudulent schemes to exploit the public. The action reflects a broader focus on crypto’s role in fundraising and payment networks rather than portraying it as Hamas’s primary funding source. Previous sanctions and seizures have targeted crypto‑related activity, and recent reports indicated that Al‑Qassam Brigades advised donors to avoid direct Binance transfers and use alternative crypto services before moving funds to a TRON wallet. The new measures block any property or interests in property held by the designated individuals and organizations under U.S. jurisdiction and extend to entities owned 50 percent or more by any designated party.
- Publisher
- coindesk
- Reliability
- high
- Published
- 10/6/2026, 11:25:48 AM
- Retrieved
- 10/6/2026, 11:25:48 AM
- Relevance
- 80%
- Confidence
- 85%

