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Discredited Crypto Terrorist Funding Figures Gain Fresh Life in House Hearing

Recent reports that terrorism organizations such as Hamas pocketed as much as $130 million in crypto funding have been proved incorrect but were resurrected in Congress today.

By Jesse Hamilton

Updated Nov 2, 2023, 7:29 p.m. Published Nov 2, 2023, 7:29 p.m.

U.S. Rep. Brad Sherman (D-Calif.) cited discredited figures about crypto funding of terrorist groups at a congressional hearing, despite vigorous pushback from the industry on those stats. (Chip Somodevilla/Getty Images)