We strongly condemn Hamas’s attack on Israel that has killed more than 1,400 people, including at least 30 Americans. Investigations of this terrorist organization and its funding reveal that Hamas uses cryptocurrency to bankroll its operations.

Last week the Journal reported that crypto wallets linked to Hamas and Palestinian Islamic Jihad collectively received more than $130 million in digital assets in the two years before the attack, including millions in the months leading up to it. Crypto has become a crucial pipeline for financing terrorist organizations, and researchers agree that the publicly reported numbers are likely a small percentage of the actual total.