How Hamas Fundraised Crypto & Why Apollo CEO Calls UPenn ‘Morally Confused’ 10/12/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 12 October 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

How is Hamas funded? TRM Labs Head of Global Policy and former federal prosecutor Ari Redbord discusses how his company tracks Hamas fundraising on the blockchain, and how Israeli and US law enforcement are tracing terror financing on crypto networks. Plus, Apollo Global Management CEO Marc Rowan, a University of Pennsylvania alumni and Chairman of its Wharton School board, is urging fellow alumni to halt donations to the university. Rowan calls the university’s response to the Israel-Hamas War, in conjunction with the school’s controversial bookings at its Palestinian literary festival last month, ‘morally confused and bankrupt.’ He’s pushing back on what he says is the university’s failure to condemn antisemitism, and he is not alone in critiquing universities and corporations for their leadership on Hamas’s attack on Israel. Other business headlines of the day include CPI data, post-IPO Birkenstock, and the drama at the trial of Sam Bankman-Fried. Ari Redbord - 18:14 Marc Rowan - 27:18 In this episode: Kate Rooney, @Kr00ney Robert Frank, @robtfrank Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squack Pod and I'm C.N.
0:07.0	producer Cameron Costa.
0:08.0	Today on our podcast,
0:10.0	We're tracking cryptocurrency donations to terrorist group Hamas with
0:16.2	blockchain and terror financing expert Ari Redboard.
0:19.8	We're going to continue to see Hamas and other organizations attempt to raise funds in
0:23.6	crypto because they will attempt to raise funds in absolutely any way they can.
0:27.6	The role crypto plays in terrorism and in war and how blockchain's efficiency is helping terrorists but it's also helping law
0:35.9	enforcement track them. It's one thing to raise funds in crypto. It's another to be
0:40.4	able to use them to buy weapons to off-ramp those funds and that's really
0:44.3	where we need to ensure that regulation exists. And a renowned U-Pen graduate is
0:49.9	urging fellow alumni to halt donations to the university at issue a Palestinian
0:56.4	literary festival and what he calls a failure to forcefully condemn anti-Semitism.
1:02.9	Apollo CEO Mark Rowan.
1:05.2	This is not about a political solution
1:07.6	or disagreements over how Israel has treated
1:10.0	Palestinians in the West Bank in Gaza.
1:12.1	This is a group that is a terrorist group.
1:15.0	Those conversations plus Birkenstock not quite a shoe-in to the public markets.
1:20.0	And lies bribes and relationships.
1:24.0	See NBC's Kate Rooney on the trial of Sam Bankman Freed.
	...

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