1 year ago
Crypto assemblage members person accused The Wall Street Journal (WSJ) of publishing misleading accusation astir Hamas crypto-related funding.
On Oct. 10, WSJ reported that Hamas had acquired astir $90 cardinal successful cryptocurrency to concern a astonishment onslaught against Israel. This revelation drew important attraction from salient crypto skeptics, who swiftly utilized this backing to exemplify however the manufacture aided malicious actors.
Several U.S. lawmakers, spearheaded by Senator Elizabeth Warren, cited the WSJ study successful a letter addressed to the White House and the Treasury Department. The lawmakers expressed concerns astir the nationalist information risks posed by cryptocurrencies owed to their imaginable usage successful violent financing.
Community says WSJ overreported panic backing by 99%
Sam Callahan, the pb marketplace expert astatine Swan Bitcoin, countered that “WSJ’s fig for crypto usage successful financing Hamas was disconnected by implicit 99%,” citing a caller Chainalysis report.
According to Callahan, the media steadfast had mistakenly counted an full exchange’s trading measurement for the group’s address. He added:
“The existent funds that went to known terrorist-linked addresses was substantially less.”
Consequently, Callahan urged WSJ to retract the communicative due to the fact that “politicians with an docket volition apt proceed to usage this fake quality arsenic grounds to onslaught an manufacture they person a idiosyncratic vendetta against.”
Meanwhile, crypto stakeholders, including Nic Carter, besides shared Callahan’s view, claiming that the journalists refused to retract their communicative contempt contacting them via mail. He added:
“This is simply a journalistic nonaccomplishment arsenic egregious arsenic the NYT’s reporting connected the rocket striking a infirmary successful gaza. not straight liable for nonaccomplishment of life, but evidencing a likewise callous disregard for the truth. Boycotting the WSJ until they retract.”
Sam Lyman, the manager of nationalist argumentation astatine Bitcoin (BTC) miner Riot Platforms, pointed out that the WSJ report failed to notation that Hamas’ crypto fundraising programme was a implicit disaster.
He said the fundraising had “exposed [the group] cardinal donors to transgression prosecution and financed its 2 top enemies, the US and Israel, to the tune of millions of dollars.”
CryptoSlate reported that Coinbase had argued that blockchain exertion could beryllium utilized to combat coercion funding, adding that panic backing inactive relies connected the accepted fiscal system, not crypto.
The station Crypto assemblage accuses WSJ of exaggerating Hamas crypto backing by 99% appeared archetypal connected CryptoSlate.
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