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Terrorists Are Increasingly Interested Bitcoin

Yaya J. Fanusie
22nd December 2017 - Quoted by Leigh Cuen - International Business Times

Former Central Intelligence Agency analyst Yaya Fanusie, currently the director of illicit finance analysis at the Foundation for the Defense of Democracies, published a report Thursday arguing more jihadist groups are fundraising with cryptocurrency as prices continue to skyrocket.

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“Multiple media outlets that promote al-Qaida or Islamic State (IS) propaganda have asked supporters in recent weeks to send funds to specific bitcoin addresses,” he wrote for the Cipher Brief. The ISIS-affiliated website Akhbar al-Muslimin ran one such bitcoin fundraising campaign in November. Earlier this month, The Middle Eastern Research Institute reported a jihadi Telegram channel circulated a graphic soliciting bitcoin donations for fighters in Syria.

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