Regulation· ★★★· bearish·

US sanctions two French associations over crypto donations to Hamas

  • —OFAC sanctioned Faouzi Barika, Amel Oualid and two French associations
  • —Over $2 million raised in 2020–2026, $1.5 million after October 7, 2023
  • —Hundreds of thousands of dollars sent in crypto to Saleem Abdallah Saleem al-Zaq
  • —US assets frozen; Americans barred from transacting with those designated
Why it matters: The move widens US pressure on crypto funding channels for Hamas and raises compliance risk for European services tied to such wallets.
Source: Cryptoast
More on this
Regulation · yesterday
OFAC Sanctions Network Over $2M in Crypto Transfers to Hamas via Charities
 Regulation · Sep 14
Crypto billionaires donated £72 million to Reform UK in two days
 Regulation · Oct 2
US Treasury's OFAC Uncovers Multi-Year Crypto Scheme Funneling $2M to Hamas