Rs 4.5 Cr Cryptocurrency Transferred To Palestine’s Hamas Wing: Delhi Police’s Cyber Crime Unit Unearths Terror Funding Network

NEW DELHI: The Delhi Police’s Special Cell’s Cyber Crime Unit claims to have busted a gang of hackers who allegedly stole bitcoin from a Delhi-based businessman and moved the funds to the accounts of Al-Qassam Brigades, the military branch of Palestinian organisation Hamas.

According to the police, the businessman reported the fraudulent transfer, which contained digital cash in the form of Bitcoin, Ether, and a variety of other cryptocurrencies, to a police station in Paschim Vihar in 2019 and is today worth Rs 4 crore.

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During the inquiry, it was discovered that about 6.7 Bitcoins, 9.79 Ethers, and 2.44 Bitcoin Cash were transferred to three different accounts. Two Bitcoins were transferred to six different accounts, including one with the address ‘Al-QassamBrigades.’

“The bitcoins were channelled through several wallets and landed in the suspected wallets,” KPS Malhotra, DCP (Cyber Cell), told PTI. We discovered that one of the wallets, of Palestinian provenance, had been confiscated by Israeli officials for counter-terrorism financing.”

So far, the investigation by the Intelligence Fusion and Strategic Ops (IFSO) team of the Delhi Police Special Cell has shown that the Bitcoins and other cryptocurrencies were fraudulently moved from the businessman’s wallet, he added.

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According to Malhotra, the cryptocurrency was passed through numerous wallets before landing in the suspects’ wallets. He went on to say that it was later discovered that one of the Palestinian organization’s wallets had been seized by Israeli officials for being involved in terror financing.

Some of the money was transferred to other wallets run from Giza, Egypt, and Ramallah, Palestine. Cops have acquired information about these accounts, including the fact that some of them were used to fund terrorist operations and child pornography.

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