Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
August 13, 2020 05:27 pm

US says it has seized millions in cryptocurrency meant to fund terrorist groups


Bitcoin Illustration On Euro Banknotes

Photo by Nicolas Economou/NurPhoto via Getty Images

The US Department of Justice says it has dismantled three online fundraising campaigns involving terrorist organizations, including Al Qaeda, ISIS, and the al-Qassam Brigades (Hamas’ military wing). In doing so, the DOJ seized millions of dollars in cryptocurrency that was meant to fund the groups. It’s “the government’s largest-ever seizure of cryptocurrency in the terrorism context,” per the department.


US officials have also seized over 300 cryptocurrency accounts, four websites, and four Facebook pages that were related to the campaigns. The Verge has reached out to Facebook for comment.


“Terrorist networks have adapted to technology, conducting complex financial transactions in the digital world, including through...



Continue reading…




Original Link: https://www.theverge.com/2020/8/13/21366535/bitcoin-cryptocurrency-seizure-doj-announcement-isis-hamas-facebook

Share this article:    Share on Facebook
View Full Article

The Verge

The Verge is an ambitious multimedia effort founded in 2011

More About this Source Visit The Verge