Hundreds of millions of US dollars for Hamas and ISIS, - and all through Tron: A new report from the data analysts at ChainArgos reveals shocking money flows in crypto. According to the report, terrorists used Tether on the Tron blockchain for their business. And reportedly billions of dollars are involved. It involves wallets associated with Hamas, Hezbollah and ISIS. The data itself comes from the Israeli counterterrorism agency NBCTF.

USD stablecoin flows into Tron accounts that the Israeli National Bureau for Counter Terror Financing (#NBCTF) has publicly claimed are controlled by #Hamas, #Hezbollah, #ISIS, or other #terrorists are significantly higher than we expected, totaling in the billion dollar range.… pic.twitter.com/PmN9CBc4w4
— ChainArgos (@ChainArgos) October 15, 2023

According to ChainArgos, transfers can be observed to wallets linked to an alleged Russian Ponzi scheme: Amir Capital.

1/ We stumbled on the Amir Capital ponzi scheme kind of by accident. Originally we were looking for whales that had a sudden uptick in USDT transfer activity on or around the invasion of Ukraine.

In this chart of activity of 50 normally active wallets there are a few outliers: pic.twitter.com/emdlEmhRDy
— ChainArgos (@ChainArgos) October 14, 2023

The accounts have not been used since the summer. At that time, Israeli intelligence had made them public. "We doubt that these groups suddenly stopped using USDT in June/July," ChainArgos writes. "More likely, these figures are grossly underestimated because they do not take into account the last 3-4 months."

Tether (USDT) is the leading stablecoin. Most transactions have taken place on Tron's blockchain. The blockchain is suspected of becoming a gathering place for criminals. Tron was founded by Justin Sun, a highly controversial crypto personality. Allegations against him range from market manipulation to blackmail. With a market cap of about $7.5 billion, Tron is currently on the tenth place of top cryptocurrencies on Coinmarketcap.

According to Elliptic has also given Hamas about $43 million in cryptocurrency donations received. Hamas attacked Israel on Saturday, Oct. 7, 2023, firing hundreds of rockets at cities and attacking civilians at a techno festival near the Gaza border, among other targets. Israel's Prime Minister Netanyahu then placed Israel in a state of war. The army launched counterattacks and is currently preparing a ground offensive.