US authorities have sanctioned a Hamas-linked cryptocurrency financing network after blockchain investigators traced about $38.6 million in digital asset flows through seven TRON wallets connected to regional exchange services.
- The U.S. Treasury's Office of Foreign Assets Control sanctions a Hamas-linked financial network using seven TRON wallets.
- The blacklisted addresses collectively handled $38.6 million in illicit cryptocurrency flows through an Istanbul-based over-the-counter exchange.
- Blockchain forensics firm Chainalysis traces transactions from the UAE and Buy Cash Money to wallets previously identified by Israel’s counter-terror agency.
The US Treasury Department’s Office of Foreign Assets Control (OFAC), which administers US sanctions programs, designated three individuals and seven TRON addresses tied to El-Kahira for General Trading, a Turkey-based over-the-counter (OTC) cryptocurrency exchange that investigators linked to Hamas financing. Blockchain analytics firm Chainalysis said the wallets showed direct ties to addresses previously identified by Israel’s National Bureau for Counter Terror Financing (NBCTF), expanding the picture of how funds moved through regional crypto infrastructure.
US Targets Three Individuals And Seven TRON Wallets
The sanctions named Zaid Issam Ahmed al-Jebouri, an Iraqi national based in Istanbul, along with Abdulla Issam Ahmad al-Jebouri and Khaldun Khamis Zakaria Alden.
According to OFAC, the three operated El-Kahira for General Trading, an OTC exchange office that Israel’s NBCTF had already identified in a January 2026 seizure order.
Chainalysis said the seven sanctioned TRON addresses collectively received about $38.6 million in cryptocurrency.
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👉 Submit Your PRInvestigation Followed Funds Beyond Individual Wallets
Chainalysis said blockchain records linked the newly sanctioned wallets to addresses previously seized or identified by Israel’s NBCTF.
Its analysis also traced transactions involving Buy Cash Money and Transfer Company, a Gaza-based money service business already sanctioned by OFAC, a UAE-based OTC desk, and deposit addresses at mainstream cryptocurrency exchanges.
Rather than focusing on isolated wallets, investigators mapped how funds moved across multiple services before reaching destinations where assets could be exchanged or transferred.
Regional OTC Exchanges Become A Compliance Focus
The investigation highlighted the growing role of regional OTC exchanges in cryptocurrency enforcement.
Unlike major exchanges that generally operate under established compliance programs, smaller OTC brokers can serve as intermediaries between blockchain transactions and traditional financial systems, making them more difficult to monitor.
“Building and maintaining on-chain coverage of these small services is a challenge across both the public and private sectors and requires significant investment and partnership,” Chainalysis said.
The company added that it had already labeled the sanctioned wallet addresses across its compliance products.
Why The Case Matters
The sanctions underscore how blockchain investigations increasingly rely on network analysis rather than individual wallet tracking.
Every cryptocurrency transaction leaves a public record on-chain. Investigators use those records to reconstruct financial relationships between wallets, exchanges and intermediaries, while sanctions authorities identify the people and businesses controlling those networks.
For cryptocurrency exchanges, custodians and compliance teams, the newly designated TRON addresses become part of sanctions screening designed to prevent prohibited transactions.
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