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Explained: Hamas may have made millions by short-selling Israeli investments before its terror attacks

Dec 05, 2023, 05:33PM ISTSource:

US researchers suggest that certain investors may have had prior knowledge of a planned Hamas attack on Israel on October 7 and potentially profited through short-selling Israeli securities. The report also points to the use of cryptocurrency by pro-Palestinian groups, including Hamas, for fundraising. Israel Securities Authority is investigating, with Israel’s largest bank Leumi reportedly involved in significant short-selling, resulting in profits of 3.2 billion shekels and $862 million between September 14 and October 5. Additionally, the text notes the resurgence of a bribery case involving former Israeli Prime Minister Benjamin Netanyahu.

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