Stolen Crypto Landed in Hamas Wallet: Delhi Cops

Story Highlights
  • Delhi Cops probed a crypto theft case.
  • Investigations revealed fund transfer to illicit accounts held by Al-Hamas Group.
  • The transfered digital funds cashed Rs 4.5 Crore worth.

New Delhi: Probing a crypto theft case, the Delhi Police stumbled upon Palestine’s Hamas group that committed cyber crime. The Delhi Police Intelligence Fusion and Strategic Operations Group found unknown persons had fraudulently transferred their Bitcoins, Etherum and Bitcoin cash from their cryptocurrency wallet to the Hamas Wallet.

The wallet reportedly belonged to Al-QassamBrigates, which is the military wing of Hamas. The transfer of Rs 30 lakh crytpo units routed upto Rs 4.5 crore sources stated.Reportedly, the wallet where the funds were transfered were seized by Israel’s National Bureau for counter Terror Financing. Moreover, it has also been learned that the seized cryptocurrency wallet belongs to Mohammad Naseer Ibrahim Abdulla.

In addition, the investigation has also revealed that the cryptocurrencies were routed through various private wallets and eventually landed into suspects’ wallets that were being used in Gaza, Egypt and by the military wings of Palestinian organization Hamas.

Citing cryptocurrency illegal, the Centre has decided to roll out a cryptocurrency regulation bill in the upcoming Budget session of Parliament beginning January 31. In addition, it is also mulling changes in income tax laws to bring cryptocurrencies under the tax net, which could be a major part of the Union Budget 2022.

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