OFAC Sanctions Network Over $2M in Crypto Transfers to Hamas via Charities
- —OFAC designated three people and two charities: Baraka Association and C Mio Squad
- —The network moved over $2 million to Hamas via charities and crypto channels
- —Salim al-Zaaq was identified as a deputy battalion commander in Hamas's armed wing in Gaza
- —About $1.75 million was raised through December 2025, including $626,000 from U.S. donors
Why it matters: Tighter sanctions on crypto-enabled terrorist financing raise compliance risks for exchanges and payment providers handling such flows.
Source: BeInCrypto AR