Morning Brew Daily SBF's Ex-Girlfriend Takes the Stand & California Coming For Your Skittles?
Oct 11, 2023
Discover how Hamas has turned to cryptocurrency for funding, raising alarming national security concerns. Former co-CEO Caroline Ellison's eye-opening testimony in the FTX fraud trial sheds light on the dark side of digital assets. In California, a new law targeted at harmful food additives sparks heated debates, but don’t worry—Skittles aren’t being banned! Meanwhile, delve into Ireland's clever tax strategies that attract U.S. businesses and the fascinating philanthropy of Charles Feeney, who gave away his fortune while living modestly.
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Hamas's Crypto Funding
- Hamas financed its complex attack partly through cryptocurrency.
- Cryptocurrency allows them to bypass traditional banking systems.
Cryptocurrency Fundraising
- The Palestinian Islamic Jihad collected $93 million in crypto between June 2021 and August 2023.
- Hamas itself raised about $41 million in digital payments.
Cash vs. Crypto in Terror Finance
- Cash remains the most untraceable method for financing terror, and Hamas uses smuggling for this.
- However, cryptocurrency, especially Tether on the Tron blockchain, is becoming increasingly popular among terrorist groups.