BitcoinWarrior

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WSJ: Palestinian militant group received funds from sanctioned Russian crypto-exchange

The Palestinian militant group Islamic Jihad received part of a $93 million payment through the sanctioned Russian crypto-exchange company Garantex, the Wall Street Journal reported on Oct. 13. The sources used in the reporting alleged that Hamas likely used a similar funding scheme as a means of disguising their transactions and evading sanctions. Garantex customers in Russia can deposit cash in rubles and then receive the equivalent in cryptocurrency, which can then be withdrawn abroad in a foreign currency, effectively disguising the origin of the funds. According to the WSJ’s reporting, th…