The crypto forensic firm Elliptic published a remarkable blog post on Wednesday calling out the Wall Street Journal and Sen. Elizabeth Warren (D-Mass.) for misrepresenting its research in order to fan a narrative that crypto was key to financing the Hamas atrocities of Oct. 7.
The blog post pointed to a Journal article published three days after the massacres titled "Hamas Militants Behind Israel Attack Raised Millions in Crypto," which cited Elliptic to say one jihad group had raised as much as $93 million, and another forensic firm to claim Hamas had raised $41 million. The article provided fodder for Warren, who sprang into action with a letter, signed by over 100 members of Congress, accusing crypto users of directing "over $130 million" to Hamas.
