US and France bust NGO network funneling crypto to Hamas
- —The NGO network raised over $2 million, including $1.5 million after October 7, 2023
- —About $1.1 million was sent to Hamas's armed wing
- —Crypto was used from December 2021 to bypass transfer limits
- —OFAC sanctioned Association Baraka and Ensemble C Mieux
Why it matters: The case intensifies scrutiny of crypto AML practices and could accelerate tighter regulation of non-custodial services.
Source: Bithub