Indian authorities have traced nearly 4 crore INR ($480,000) worth of stolen cryptocurrency from a businessman in Delhi, India back to crypto accounts linked to Hamas, a terrorist organization. The investigation was initiated after receiving information from the Israeli intelligence agency Mossad regarding suspicious wallets used for funding by terrorist groups.
Former DCP (Special Cell) KPS Malhotra, who investigated the case, stated, “The security agencies in India discovered that a number of suspect wallets, which had received stolen cryptocurrencies from a Delhi businessman, were under the control of the cyber terrorism division of Hamas known as the Al Wassam Brigades.”
The stolen cryptocurrencies were routed through various private wallets before ending up in wallets connected to Hamas, according to a police officer. An Israeli crypto analytics and software firm also revealed that over $41 million worth of funds flowed into cryptocurrency wallets linked to Hamas between August 2021 and June 2023, leading up to an attack on Israel.
