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Sunday, October 6, 2024

How cryptocurrency fueled Hamas’ terror attack on Israel

Israel is one of only nine global nuclear powers and boasts one of the world’s most advanced and interconnected air defense systems. Israel’s “Iron Dome” has been largely successful at repelling air attacks from  Hamas for years.

But on October 7, Hamas — an Islamist militant group and de facto governing authority in Gaza that is classified as a terrorist organization by the EU, the US, Germany and other governments —  succeeded in overwhelming those defenses, firing more than 2,000 rockets into Israel from inside the Gaza Strip.

How did Hamas gather the resources for such a sophisticated attack against one of the world’s most well-prepared militaries? According to analysts, cryptocurrencies played a significant role.

Read the rest of the story from DW here.

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The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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