On October 10th, the Wall Street Journal ran a story with the headline, “Hamas Militants Behind Israel Attack Raised Millions in Crypto. Digital currency transactions highlight how U.S. and Israel have struggled to sever the access of Hamas, Palestinian Islamic Jihad and Hezbollah to foreign funding.” The story stated: “Digital-currency wallets that Israeli authorities linked to the PIJ received as much as $93 million in crypto between August 2021 and June this year, analysis by leading crypto researcher Elliptic showed.” It also cited research by crypto analytics firm BitOK suggesting that Hamas received $41 million. Ten days later the paper followed up with “Why Hamas Uses Crypto to Raise Money”,…
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Bitcoin trail breaks up al-Qaeda, Hamas terror-funding schemes
Agencies including the FBI, Homeland Security and IRS Criminal Investigations division worked with blockchain intelligence firm Chainalysis to track bitcoin donations to terrorists
The operations seized more than $1 million in Bitcoin from both terror groups and the unlicensed money services business they worked with, the company said.
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Child porn images bring unwanted attention to blockchain technology
Bitcoin SV is not alone in having to deal with illegal materials posted permanently on a digital ledger
The downside of blockchain’s immutable record came into focus this week, when an as-yet-unknown user was discovered to have uploaded child pornography directly onto Bitcoin Satoshi Vision (BSV).
