Israel’s military reported the killing of two key financial operatives linked to Hamas and Palestinian Islamic Jihad on June 21, marking the latest in a series of targeted strikes aimed squarely at the militant groups’ money pipelines. The operatives, Hussein Qadra and Mohammed Farra, allegedly helped move more than 500 million shekels, roughly $140 million, to Hamas.
The IDF identified Qadra and Farra as critical nodes in a funding network that supported Hamas’s military operations in the Gaza Strip. Earlier in June, Israeli forces targeted Khader Jamasi, described as a manager of Gaza’s funds-transfer operations, along with his associate Muhammad Harazin. Both were reportedly involved in moving tens of millions of dollars to Hamas through similar traditional methods.
Between 2021 and 2023, multiple reports documented Hamas actively using cryptocurrency for fundraising. The group solicited Bitcoin donations, utilized exchange platforms, and experimented with various digital currencies to evade traditional banking restrictions and sanctions.
That history makes the current absence of any crypto angle genuinely interesting. The operatives eliminated in June 2026, across multiple strikes, were all running what appears to be old-school money transfer operations. No wallets seized, no blockchain analysis cited, no exchange accounts frozen.
