Russian Crypto Exchange Moves Money for Gaza Groups

[so98nn]

This gonna create diplomatic conflicts for sure. It was approved by US treasury? Man, that’s gonna hit very hard to them and let me guess they will come up nice cover up story for the same. But considering the fact that it’s in crypto sphere not even sure if this news will be talked on the reputed news channel. They might just suppress it at some corner. Because just read it again it’s bunch of countries that are involved in it and bunch of locations hopping around that exchange. This is definitely spurious practice and funding money to terrorists based country is direct proof of funding the terrorists itself. The amount that was transacted is also pretty huge that means things gonna escalate soon.

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[legendbtc]

I believe this is something to cover or make it real that Hamas used the firearms that were actually sent to Ukraine to fight against the Russian invasion.

Okay, let's accept Russia gave 93 million to the Gaza terrorist organization but what they are going to do with that when the entire country is under siege and not to forget that Israel cut down the food, water, and electricity supply already.

Whenever governments need a reason to put the blame they just point it towards cryptocurrency.

No one points to cryptocurrency as a “reason” or “to blame.” The problem with cryptocurrency, like many GOOD solutions, is that such solutions have “two sides of the coin.” And this is the possibility of using cryptocurrency in uncontrolled operations to finance anti-human, terrorist and other illegal regimes/organizations. And this is one of the key nuances due to which cryptocurrency is under serious control and supervision.

After all, cryptocurrencies like all other tools and products, were created to be used and serve our lives. As for whether it is used in war or smuggling transactions, that is human behavior, not the fault of cryptocurrency. Cryptocurrency is not created just to use it for evil purposes, those who are trying to blame crypto in this case are stubborn and stupid.

But @jrrsparkles, you are quite agitated that no one is at fault in this case. It's just that people are discovering that cryptocurrencies are also being used in warfare.

[kryptqnick]

While the Israel-Palestine situation is pretty complex, the Russian exchange's act doesn't seem surprising at all. Russia has been friends with Iran, as Iran is supplying a lot of drones which Russia uses against Ukraine. Iran has strong ties with Hamas and endorsed the Hamas attack openly. I hope Estonia will look into Russian businesses doing deeply problematic stuff, though. As an EU and NATO country, it should take such things seriously.
Hopefully, the world is aware enough about cryptos and crypto businesses nowadays that such an unfortunate situation won't be pointed out seriously as an argument against Bitcoin.

[Razmirraz]

If what I just read in the Op is true, I am not too surprised by the actions of Russian Crypto exchanges moving money to Gaza groups because there is an element of resentment between Russia and Israel. Russia's anger led by Putin towards Israel began when Russia invaded Ukraine. Israel, which supported and helped Ukraine, made Russia side with Palestine or the Hamas group in the dispute between Palestine and Israel. Russia has openly supported Palestine, Putin is ready to help Palestine with everything they need to launch an attack on Israel, including sending soldiers and sophisticated war equipment.

[YOSHIE]

Russian Exchange Allegedly Transfers Millions in Crypto for Fundamentalists in Gaza

I just found out that in Gaza there is a fundamentalist group, the majority of which are Hamas fighters. This is a sign that Hamas is also using digital/crypto currency as a source of economic revival among Hamas fighters in Gaza, I just realized now that it is natural that currently the missiles and weapons used by Hamas to attack Israel come from several foreign countries.

Before I saw this news, I had time to think where the economy that Hamas gets is so big, no doubt 5000 missiles have been flown, These missiles require millions of dollars to own, it's no surprise that the $93 million in funds obtained from several exchanges in Russia is extraordinary.

[Renampun]

I don't know what is really on Putin's mind, he officially stated his support for Gaza but until now this support has not been explicitly intended to support Hamas, I don't really like war, and the war between Hamas and Israel is purely a war of interests, with one exchange originating from Russia helping fund Hamas, I'm sure there will be other FUD that will be spread by those who don't like cryptocurrencies.

[jrrsparkles]

I believe this is something to cover or make it real that Hamas used the firearms that were actually sent to Ukraine to fight against the Russian invasion.

Okay, let's accept Russia gave 93 million to the Gaza terrorist organization but what they are going to do with that when the entire country is under siege and not to forget that Israel cut down the food, water, and electricity supply already.

Whenever governments need a reason to put the blame they just point it towards cryptocurrency.

No one points to cryptocurrency as a “reason” or “to blame.” The problem with cryptocurrency, like many GOOD solutions, is that such solutions have “two sides of the coin.” And this is the possibility of using cryptocurrency in uncontrolled operations to finance anti-human, terrorist and other illegal regimes/organizations. And this is one of the key nuances due to which cryptocurrency is under serious control and supervision.

If you think it doesn't bring a bad name to the cryptocurrency then I want to disagree because governments try to convince people that cryptocurrencies are used by criminals only so if we are going to accept that cryptocurrency used by here then we are also accepting the fact crypto funds used to finance terrorism.

Okay, let's accept Russia gave 93 million to the Gaza terrorist organization but what they are going to do with that when the entire country is under siege and not to forget that Israel cut down the food, water, and electricity supply already.

No it is not, that is unacceptable for most. Gaza terrorists made a surprise attack killing hundreds of civilians in less than a day, then they sent them a boasting $93 million for what? for support of terrorism? it would be much acceptable if this hasn't come thru crypto exchange, we know how this is going down to a big issue. The entire country is under siege, cutting necessities to Palestine, do you know where that $93 million is going? to the black market ofc.

My question still stands, what the Hamas can buy with that 93 Million even if this true? Are they going to buy weapons on blackmarket to fight against Israel and USA? Not possible at all and Israel - Palestine conflict has a 100-year history so considering one event is not a reason to take down innocent lives on Gaza too.

[darkangel11]

Even if it's true, bitcoin is nothing but a tool. If anything, we should condemn the exchange that helps terrorist groups and not focus on bitcoin. If they were sending USD to terrorists, would that be such a big deal? I feel like the tag Bitcoin combined with words that have negative connotations like launderers, dealers, terrorists, smugglers and hackers is chosen by the media on purpose, to create a negative image of bitcoin. They're brainwashing the masses.

[serveria.com]

And this is the possibility of using cryptocurrency in uncontrolled operations to finance anti-human, terrorist and other illegal regimes/organizations. And this is one of the key nuances due to which cryptocurrency is under serious control and supervision.

Muahaha governments want to believe they control and supervise crypto, in reality they don't control shit. What they see is just the tip of the iceberg: accounts and wallets reported by exchanges and banks. That's why they're trying to enforce KYC and similar procedures on crypto users. Fortunately, as long as you're not going to convert to fiat and withdraw, your coins are safe.

[DrBeer]

If you think it doesn't bring a bad name to the cryptocurrency then I want to disagree because governments try to convince people that cryptocurrencies are used by criminals only so if we are going to accept that cryptocurrency used by here then we are also accepting the fact crypto funds used to finance terrorism.

I haven't seen outright attempts to "vilify" cryptocurrencies, on the part of governments, by presenting them solely as a terrorist financing mechanism. The state introduces restrictive measures to prevent such steps. It's like restricting the advertising and sale of alcohol and tobacco, if that's more pleasant to perceive
But once again I repeat - most of the entities around us, unfortunately, can be used both for the benefit of people and against them, and there is a need for forced control, and some restrictive measures...

[bittraffic]

Hold on, wasn't it all over the news that Hamas was created by Israel? How come it's the Russians now that support these Hamas?  

Crazy stuff that they sanctioned the BTC address of Hamas containing less than $30 in it which its last transaction was last year of May. So this is how Elizabeth Warren could actually ban BTC in the US which could be possible also abroad. It's such bad timing but I think this is where Gary Gensler can make an excuse that spot ETF will not be granted.

[DrBeer]

And this is the possibility of using cryptocurrency in uncontrolled operations to finance anti-human, terrorist and other illegal regimes/organizations. And this is one of the key nuances due to which cryptocurrency is under serious control and supervision.

Muahaha governments want to believe they control and supervise crypto, in reality they don't control shit. What they see is just the tip of the iceberg: accounts and wallets reported by exchanges and banks. That's why they're trying to enforce KYC and similar procedures on crypto users. Fortunately, as long as you're not going to convert to fiat and withdraw, your coins are safe.

Well, the fact that Russia sponsors terrorists, and this is just the tip of the iceberg - thank you for confirming

I previously explained about crypto, fiat and “fighters against global capitalism”, and I will repeat once again - the recipients of cryptocurrency on the side of terrorist groups are smart people. They will not run to kill Israelis or blow themselves up near a checkpoint. They love and appreciate life. And comfort. And pleasure. Therefore, they will give a small part of the money to provide weapons to idiots and brainwash them, and these smart people will take the majority of the money for themselves and convert it into fiat money. Because they won’t be sold a villa or a beautiful car for bitcoins, they won’t be served in an expensive restaurant, they won’t be sold an expensive suit and watch... That’s why the points where crypto turns into fiat are controlled.

[alani123]

Should we trust western media when they make such claims?
The Wall Street Journal is operated by Rupert Murdoch and we all know what this guy's economic interests are.
It is in his best interest to support the United State's status quo. As we saw that western media were very quick to jump to conclusions against Palestine like when they were spreading the story about beheaded babies with no evidence and while it had already been disproven, it's logical that they'd want to put Russia in the same bag.

Do these news outlets say anything when billions of unaccounted dollars are moved through the SWIFT system by senators for insider trading? Absolutely no. But suddenly when an exchange is used for its intended purpose, transacting crypto, it's all Russia's fault. In fact there's hundreds of crypto exchanges domiciled in western countries too that could virtually be doing the same, but nobody bats an eye about these...

[coupable]

What surprised me when reading this news is what benefit this financial support in crypto has to a besieged group like the fighting groups in the Gaza Strip. The people there, including the fighters, need the basics of life, such as drinking water, food supplies, medicines, and blankets... I mean, assuming that if the fighters were able to transfer these assets to cash, how would they be able to use them? Even consumables awaiting permission to enter are in the form of support and no financial compensation is required for them. All weapons and military equipment also come in the form of aid from allied countries through tunnels and secret passages. According to my understanding, the only hypothesis is that these assets are gifts and donations to the fighters that they will spend if they succeed in victory.

[icalical]

After the Islamic Jihad group received the money, I suppose they use the fund to buy weapon, so if they use Crypto the fund would be traceable to where they would buy their weapon, and the trace is public. It could be a bad sentiment for crypto, but if the WSJ could also trace who is supplying the weapon for the group, this could proof that cryptocurrency could also used to reveal all the bad guys involved.

[DrBeer]

Hold on, wasn't it all over the news that Hamas was created by Israel? How come it's the Russians now that support these Hamas?  

Crazy stuff that they sanctioned the BTC address of Hamas containing less than $30 in it which its last transaction was last year of May. So this is how Elizabeth Warren could actually ban BTC in the US which could be possible also abroad. It's such bad timing but I think this is where Gary Gensler can make an excuse that spot ETF will not be granted.

And can you make the "Israel created Hamas" argument ?
I, for example, know from Soviet times that the USSR was very supportive of Palestine and Hamas. And in general, the USSR positioned itself as the key figure who created Israel, but then actively took all measures not to destroy Israel, but to cripple it. Remember at least the Six Day War (מלחמת ששת הימים, Milhemet Sheshet ha-Yamim). Where the USSR was one of the "sponsors of the project" and its special forces were directly involved in the attack on Israel.

Yes, I agree that by the end of the Afghan war, which was launched by the USSR, the USSR even quarreled with the brotherly Hamas and Hamas began to fight against the USSR. Today's USSR, Russia, does not recognize Hamas as a terrorist group and has close and friendly ties.

That is why the news of Russia funding Hamas does not surprise me at all. I would be surprised if Russia didn't fund Hamas

PS And yes - please still dedicate to the topic "ISRAEL created Hamas" ?

[Zlantann]

The unprovoked attack by Hamas and its partners on Israel has brought so much pain and death to many people. Children have become orphans and the death of many children is heartbreaking. These armed groups shouldn't receive any funds from any country because it will keep fueling this crisis. Sadly, this is one of the disadvantaged of privacy and decentralization There was an earlier report that Binance has frozen some funds that belongs to Palestine.
This news was reported by the World Street Journal and many people might claim that it might be part of the media war going on between Russia and the West. Even the conflict between Israel and Gaza has also become a propaganda war that one needs to verify from different sources before believing the news. But if it turns out to be true then Russia should stop such support because Gaza doesn't need money anymore. What is needed now is food, medicines, water, power and peace.

[DrBeer]

Does the honored public know that the Hamas terrorist group's website is hosted in ... Russia? The womb of world terrorism ! Are you really surprised?
This terrorist propaganda dump is hosted on the Russian hosting VDSina, which is located in Moscow.....
And everyone can check it !


For reference: Hamas has been declared a terrorist organization by Canada, UK, Australia EU, Israel, Japan and USA, and banned in Jordan and Egypt. Saudi Arabia banned the Muslim Brotherhood in 2014 and recognized it as a terrorist organization

That said:
Russia does not classify Hamas as a terrorist organization, considers it a legitimate partner for negotiations, Hamas leaders have repeatedly visited Moscow at the invitation of President Putin.

[Synchronice]

I don't get this double standards. If we want decentralized cryptocurrency where no one will be able to seize someone's funds, then we have to both agree that such currency can be both, used for good and for bad. We can't have a decentralized but centralized platform at the same time, it's just impossible, you can't create a magical knife that will only cut bread but will not cut human's flesh.

[el kaka22]

Honestly there are both sides that does things for wrong reasons. Did you know that Mia Khalifa (the porn actress) wanted to use all her pornhub income for helping Hamas and the company rejected it and froze her account and gave all that money to IDF (Israel military).

You could support Palestine, you could support Israel, this isn't regarding the war, but this is about freedom and if you want to help someone you can help that person. It is your money and if you are charged with funding terrorists then you will be charged with it by a judge, not by a company and if the company freezes your account and doesn't let you use your money, then I am sorry  but that's illegal and I really do hope that Khalifa would sue them for every penny they have.