United Stated authorities released official reports detailing their recent seizure of bitcoin accounts that previously belonged to 3 major terrorist groups, al-Qaeda, ISIS, and Qassam Brigades. This has been proclaimed as the largest crypto seize operation ever, worth well over millions of dollars.
The numbers speak for themselves. The crackdown led to the seizure of more than 300 crypto accounts, four Facebook pages, and four websites.
Federals from the Department of Homeland Security, the Internal Revenue Service, ans the FBI confiscated the crypto coins raised by the Palestine’s Qassam Brigades, the Hammas military branch, a Sunni-Islamic fundamentalist militant grouping. The Hammas organisation had set a website for BTC fundraising where supporters all around where given a blockchain address to send their monetary support via bitcoin.
The next major terrorists organisation that the Federal law enforcement officials target was a Syrian groups with close ties to the al-Qaeda. Communication were tapped via a Telegram channel as well as through a number of social media outlets. However, the feds were unable to seize the whole crypto fortune, which was reported to be around $300 million, money that could have been used to fundal-Qaeda and ISIS operations.
The third terrorist group involved in the crackdown is ISIS. The federal operations highlight one Murat Cakar, an alleged manager of ISIS hacking operations. He was raising money by sealing fake protective equipment via FaceMaskCenter.com.
These terrorists have moved to more unconventional financial strategies because of their total exclusion of traditional financial systems.