Chainalysis Finds Terrorists Are Refining Crypto Financing Operations
Cointelegraph
Published Jan 17, 2020 04:20PM ET
Updated Jan 17, 2020 06:02PM ET
Chainalysis Finds Terrorists Are Refining Crypto Financing Operations
A new study by Chainalysis finds that terrorists are refining their financing operations using cryptocurrencies.
Earlier today, Jan. 17, the blockchain analysts identified Izz ad-Din al-Qassam Brigades (AQB), Hamas’s military arm and noted terrorist organization, as the first confirmed case of terrorists using cryptocurrency to aid their activity. AQB used a website to generate a new Bitcoin address for each donor to deposit funds. It included a how-to video on donating with maximal anonymity. Compared to similar earlier campaigns, AQB raised as much money and garnered more donors but in less than half the time.
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Written By: Cointelegraph
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