Federal investigators have seized more than three hundred cryptocurrency accounts to channel millions of dollars to terrorist groups, adding ISIS and the Wing of the Hamas Army.
“These movements are the largest cryptocurrency seizure in the government in the context of terrorism,” the Justice Department said in today’s announcement.
Thanks to authorized court orders, the U. S. government controlled the seizure of $2 million in virtual currencies, according to CNN. Apparently, terrorist teams were cryptocurrencies, adding Bitcoin, as a means of receiving donations as a component of their online fundraising activities.
For example, hamas Army Wing, al-Qassam Brigades, began selling their fundraising campaigns in early 2019 on Twitter accounts and on their own websites. Supporters have been suggested to send bitcoins to virtual wallets, at least some of which are hosted through a US cryptocurrency exchange.
“The al-Qassam Brigades have boasted that bitcoin donations are nowhere to be found and would be used for violent causes,” the Ministry of Justice said. However, federal officials had to track donations by identifying virtual wallets and analyzing activity in the Bitcoin blockchain.
The virtual budget was then changed to fiat with the help of cash launderers, adding two Turks named Mehmet Akti and Hüsamettin Karataş. The United States opened the opposite fees to both for running an unlicensed cash movement business. The Internet sites of the al-Qassam Brigades were also removed.
In the case of Al Qaeda, the terrorist organization also used cryptocurrencies as a vehicle for obtaining donations, promoting fundraising on the Telegram messaging app in addition to Twitter.
“In some cases, Array (the fundraising activities) claimed to be acting as charitable organizations when in fact they were explicitly requesting budget for violent terrorist attacks. For example, a message from a charity requested donations to equip terrorists in Syria with guns, “the Justice Department said.
However, the fundraising systems were not limited to just cryptocurrencies. The US government also claims that an ISIS supporter named Murat Cakar founded in Turkey pretending to sell a fake N95 mask online at FaceMaskCenter. com.
“The online page claimed to sell FDA-approved N95 respiratory masks, when in fact the parts were not FDA approved,” the Justice Department said. The site, created on February 26, also claimed to have a nearly limitless source of N95 masks, prompting a US visitor to purchase them for hospitals, retirement homes and fireplaces departments.
Since then, federal officials have seized the online page, as well as 4 Facebook pages used to advertise the scam. Regarding the seized cryptocurrency, the United States plans to redirect the confiscated cash to a special fund that the government uses to pay those affected by state terrorism.
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