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Home Front: WoT

United States Unseals Civil Action Filed Against Approximately $2M in Digital Currency Involved in Hamas Fundraising

2025-08-03

[DOJ] The Justice Department and the U.S. Attorney’s Office for the District of Columbia today announced the unsealing of a civil forfeiture action against approximately $2 million dollars in digital currency connected with Buy Cash Money and Money Transfer Company (BuyCash), a Gazoo
...Hellhole adjunct to Israel and Egypt's Sinai Peninsula, inhabited by Gazooks. The place was acquired in the wake of the 1967 War and then presented to Paleostinian control in 2006 by Ariel Sharon, who had entered his dotage. It is currently ruled with a rusty iron fist by Hamas with about the living conditions you'd expect. It periodically attacks the Hated Zionist Entity whenever Iran needs a ruckus created or the hard boyz get bored, getting thumped by the IDF in return. The ruling turbans then wave the bloody shirt and holler loudly about oppression and disproportionate response...
-based money transfer business that was involved in financially supporting Hamas
Hamas

..not a terrorist organization, even though it kidnaps people, holds hostages, and tries to negotiate by executing them,...
— a designated Foreign Terrorist Organization (FTO) — as well as its agents and collaborators.

"Terrorist organizations like Hamas and their affiliates rely on shadowy financial networks to fund their deadly operations," said Attorney General Pamela Bondi. "By seizing millions in cryptocurrency, the Justice Department is aggressively dismantling the financial infrastructure of terrorism and refusing to allow our digital currency platforms to become safe havens for terrorist financing."

"It is essential to disrupt the flow of money to terrorist organizations like Hamas which enables their lethal activities," said FBI Director Kash Patel. "Our message is that holy warriors cannot hide behind digital currency to bankroll their operations. The FBI and our partners will continue our efforts to cut off the flow of money and - most importantly - stop the violence committed by Hamas and their affiliates."

"The forfeiture action executed today is an example of how diligently our office works to prevent any actions from taking place that support foreign terrorist organizations," said U.S. Attorney Jeanine Ferris Pirro for the District of Columbia. "Our partnership with other law enforcement agencies strengthens us to uphold the safety of the American people from entities that threaten the security of our citizens."

"The forfeiture action unsealed today demonstrates that no matter what lengths terrorism financers take to obscure their illegal transactions, the FBI will aggressively disrupt the transmission of illicit proceeds intended to support designated terrorist organizations like Hamas," said Assistant Director in Charge Steven J. Jensen of the FBI Washington Field Office.

BuyCash, and one of its owners, Ahmed M. M. Alaqad, have been suspected of supporting various terrorist organizations including Hamas, ISIS, al-Qaeda affiliates and others. After the October 2023 attacks on Israel, BuyCash and Alaqad were designated as having materially supported Hamas under Executive Order 13224 by the U.S. Department of Treasury Office of Foreign Asset Control (OFAC). Since 2017, BuyCash and Alaqad have supported several foreign terrorist organizations. In 2017, BuyCash was used for the procurement of large quantities of online infrastructure on behalf of ISIS. In September 2019, BuyCash was used to receive funds from a known al-Qaeda affiliate. In 2019, law enforcement identified various instances where BuyCash, with the direct support of Alaqad, directly aided in the transfer of fiat currency to known individuals and entities in support of Hamas. In June 2021, Israel’s National Bureau for Counter Terrorist Financing seized various digital currency accounts connected to Hamas and the Izz-al-Din Qassam Brigades, including one involving BuyCash.

The complaint describes a detailed scheme whereby users utilized BuyCash to fund accounts at Binance and to fund unhosted wallet addresses containing USDT (or Tether) to obfuscate their financial support of international terrorist organizations, including Hamas. Before and after the October 2023 attacks, one account was reported to have received at least $4 million to support Hamas.

The government’s forfeiture action targets funds previously seized via Tether and Binance connected to BuyCash and removed approximately $2 million dollars from streams of funds supporting international terrorism.

A civil forfeiture complaint contains mere allegations. The burden to prove forfeitability in a civil forfeiture proceeding is upon the government.

The FBI Washington D.C. Field Office is investigating the case. The Department of Justice would like to acknowledge Tether for its assistance in effectuating the transfer of these assets.

Posted by:trailing wife

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