Cryptocurrency Analysis and News Portal
Blockchain intelligence platform TRM Labs recently released a report that presents several case studies highlighting the use of cryptocurrency by ISIS affiliates across Asia. The report links on-chain connections between these groups and pro-ISIS fundraising campaigns in Syria.Published on July 21, the report indicated that there was “mounting on-chain evidence”
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Crypto has been utilized by terrorists and insurgent groups around the world over the past few years. In 2021, global crypto exchange Binance reportedly froze the accounts controlled by the militant wing of Hamas, which accumulated around $80,000 in a single month, CryptoX reported. Apparently, the traceability of bitcoin led
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Blockchain intelligence firm Chainalysis has dismissed claims ISIS is holding a $300 million bitcoin (BTC) war chest.In a “fact-checking” report, published on May 20, 2020, the U.S. company accused the media of sensationalizing allegations about BTC and other cryptocurrencies being used to fund terror groups.Most terrorism financing campaigns
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A United States federal court has sentenced a U.S. citizen to 13 years in jail for laundering money for ISIS using Bitcoin and other cryptocurrencies.Per a Department of Justice announcement on March 13, Zoobia Shahnaz of Long Island received a 13-year sentence for working to fund the Islamic State
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Recent private monitors online have discovered that the Islamic State of Iraq and Syria (ISIS) terrorist organization has been using the messaging app BCM that is developed with blockchain technology to communicate with its members while remaining undetected by the authorities.The nature of blockchain technology can also allow the terrorist
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