After Bitcoin – Terrorist organizations are moving to fundraising in crypto

The FDD Research Institute published in its latest issue of the FDD’s Long War Journal on December 10, an article by Joe Trozman on the new method of terrorist organizations in Gaza to raise funds. If so far we know that in order to circumvent terrorist financing laws, through banks the terrorist organizers after Operation Resilient Cliff used to raise funds through Bitcoin, now Trozman reveals that the terrorist organizations have started raising funds through the digital cryptocurrency.

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Through the terrorist wing of the terrorist organization Al-Burak, Liwa al-Tawhid, a Salafi jihadist group in Gaza that is part of the al-Nasser Brigades of Saladin, recently issued a statement seeking public support for fundraising through cryptocurrency. The jihad against Israel.

“Encouragement Campaign – In Support of the Mujahideen of the Nasser Salah Aladdin Brigades,” Accompanied Al-Tuhid. ” He also went to jihad, “the statement said.

The group has also posted an address to which the virtual cryptocurrency can be sent. For those who are not technically inclined, the group stated that a user can contact the channel manager and assist with money transfer.

The use of cryptocurrencies by terrorist organizations in Gaza as an alternative to fundraising and circumventing international anti-terrorism laws has become mainstream in recent years. Terrorist organizations that are so classified in the United States under sanctions as foreign terrorist organizations (FTOs) by the United States such as Hamas and al-Aqsa Martyrs Brigades have adopted this method of fundraising with some success.

Last June, a senior Hamas newspaper quoted a senior Hamas official as saying that there was an “increase” in bitcoin donations to Hamas as part of the fight against Israel and that “some of the money is used for military purposes to protect the basic rights of Palestinians.”

This is probably the reason for Defense Minister Beni Gantz’s decision in July to sign an administrative seizure order on the wallets of cryptocurrencies and inscriptions used by Hamas to transfer funds to the militant group.

It is difficult to say whether Liwa al-Tawhid had any success in raising funds, but according to the data provided, so far 0 Bitcoin has been raised.

Unlike Hamas and other organizations, Liwa al-Tawhid evaded actions against their fundraiser, allowing them to continue using cryptocurrencies to raise money for jihad against Israel.

By Editor

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