The Treasury Department said the network raised more than $2 million through purported humanitarian charities, including hundreds of thousands of dollars sent in crypto.

• The U.S. Treasury Department sanctioned a Hamas military-wing member, two France-based individuals and two charities accused of helping raise more than $2 million for Hamas through cryptocurrency and purported humanitarian donations.
• Treasury said the network collected the funds between 2020 and 2026, including $1.5 million after Hamas’s Oct. 7, 2023, attack on Israel, and sent hundreds of thousands of dollars in cryptocurrency to a Gaza-based Hamas commander.
• The sanctions freeze the designated parties’ assets under U.S. jurisdiction, generally bar Americans from doing business with them and expose foreign financial institutions facilitating significant transactions to potential penalties.

The U.S. Treasury Department sanctioned several parties in relation to the raising of over $2 million for Islamist militant group Hamas.

The Treasury designated a Hamas military-wing member, two France-based individuals and two charities it says helped move more than $2 million to Hamas through a sophisticated six-year fundraising operation that used cryptocurrency and purported humanitarian donations.

The department alleged that Faouzi Barika and Amel Oualid raised funds in France for humanitarian causes, then transferred it to Hamas, the group designated as a terrorist organization in numerous jurisdictions and which has governed the Gaza Strip since 2007.

The network collected more than $2 million between 2020 and 2026, including $1.5 million after Hamas’s Oct. 7, 2023, attack on Israel, Treasury said. It said the pair sent hundreds of thousands of dollars in crypto to al-Zaq. Treasury did not say the full $2 million moved in cryptocurrency. It separately alleged that Barika and Oualid sent hundreds of thousands of dollars in crypto to Saleem Abdallah Saleem al-Zaq, a Gaza-based deputy battalion commander in Hamas’s Al-Qassam Brigades.

The action is the latest indication that U.S. authorities are focusing on crypto’s role inside wider fundraising and payment networks, rather than portraying it as Hamas’s primary funding source. Treasury officials have previously said Hamas and other groups still rely mainly on conventional finance, despite previously already being levied crypto-related sanctions and seizures.

It also follows reports last month that the Al-Qassam Brigades advised donors to avoid sending funds directly from Binance and instead use other crypto services before moving money to a TRON wallet.

The new sanctions block any property or interests in property held by the designated people and organizations under U.S. jurisdiction. People in the United States are generally barred from transacting with them, while foreign financial institutions that knowingly facilitate significant transactions could face secondary sanctions risk. The restrictions also extend to companies owned 50% or more, directly or indirectly, by one or more designated parties.

“Terrorist organizations like Hamas rely on sophisticated financial facilitators and fraudulent schemes designed to exploit the public,” said Treasury Secretary Scott Bessent.

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.