WSJ Crypto Article Controversy About Funding Report On Hamas Was Corrected
Central issues:
- The WSJ crypto article has been revised for Hamas subsidizing.
- The first report misrepresented the degree of digital money financing.
- Blockchain firm Elliptic debates huge crypto gifts to Hamas.
The Wall Street Journal (WSJ) has issued a partial correction and edited its article titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto.” Cointelegraph first reported the news.
WSJ’s Correction and the Cryptocurrency Controversy
The underlying report, distributed on October 10, misrepresented the degree to which Palestinian Islamic Jihad (PIJ) subsidized its psychological warfare exercises through digital currencies, refering to blockchain legal sciences firm Elliptic.
Elliptic explained that Israel’s counter-psychological warfare unit held onto PIJ-connected wallets containing $93 million. In opposition to past cases, Elliptic expressed that there is no huge volume of digital money gifts supporting Hamas’ assaults against Israel in the WSJ crypto article. The firm underscored that the sums raised through crypto gifts for such intentions were “minuscule.”
Furthermore, Elliptic featured a Hamas gathering pledges crusade run by Gaza Now, a supportive of Hamas media source, which raised $21,000 since the new Hamas assault on Israel. Out of this sum, just $450,000 was shipped off a known illegal intimidation partnered wallet, as indicated by research from blockchain crime scene investigation firm Chainalysis.
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Coinbase’s Paul Grewal Challenges WSJ Crypto Article
In light of the WSJ’s adjustment and altered article, Coinbase’s boss legitimate official, Paul Grewal, condemned the paper for citing problematic sources in the WSJ crypto article.
1/This is scarcely a revision. At the point when your source keeps up with “there is no proof” to help the @WSJ affirmations, saying “the PIJ might have utilized crypto” isn’t simply off base, it’s inadmissible. pic.twitter.com/RvGuUnj5P1
— paulgrewal.eth (@iampaulgrewal) October 27, 2023
In spite of the adjustment, concerns stay about the exactness of the data introduced, particularly in regards to the association of PIJ and Lebanese ideological group Hezbollah in cryptographic money trades. The changed figures show that the trades among PIJ and Hezbollah were undeniably not exactly the underlying $93 million announced in the WSJ crypto article.
