Elliptic debunks WSJ article on Hamas crypto fundraising
Blockchain analytics provider Elliptic refuted claims made in a Wall Street Journal article that misinterpreted its data and incorrectly said Hamas raised millions in crypto currencies. Elliptic’s rebuttal is a response to an article from the Wall Street Journal (WSJ) titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto” and similar pieces by two WSJ authors; Angus Berwick and Ian Talley. Senator Elizabeth Warren used the report as her sole citation in a letter pushing for additional anti- crypto measures and systems on Oct. 17. Over 100 lawmakers, 20 percent of the U.S. Congress, signed Warren’s letter alleging that Hamas raised north of $90 million in Bitcoin and cryptocurrencies. The document was addressed to top national securities agencies like the Treasury Department. There is no evidence to suggest that crypto fundraising has raised anything close to this amount, and data provided by Elliptic and others has been misinterpreted. We have spoke...