Palestinian terrorist group Hamas is raising funds using Bitcoin

Hamas, a Palestinian militant group, has devised a way of raising funds using Bitcoin. The group has been deemed as a “terror outfit” by many Western countries. Due to this reason, they are unable to raise funds through traditional financial systems. A Bitcoin wallet address is provided to anyone who visits the latest version of their website, Qassam Brigades. People can use the address to send them the funds.

The channel is also largely untraceable, making it difficult for law enforcement agencies to track down people who are funding such outfits. The site also features a video on how to purchase and send Bitcoins.

According to a report by the New York Times, the government has put out an alert after observing that Islamist terror authorities are exploiting the digital coin technology for funding their terror activities. The funds collected may not be huge, but law enforcers believe that a lot of terrorist attacks can be executed with very little money.

Source: FX Street