RATE Group | ISIS has £246million Bitcoin war chest to spend on bloody terror comeback campaign, expert warns – The Sun
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ISIS has £246million Bitcoin war chest to spend on bloody terror comeback campaign, expert warns – The Sun

19 May ISIS has £246million Bitcoin war chest to spend on bloody terror comeback campaign, expert warns – The Sun

Posted at 15:23h in Cryptocurrency News by

ISIS warlords are sitting on a £246million Bitcoin war chest after transferring their looted cash into cryptocurrency.

Security experts fear the terror group’s fighting fund could be far larger after a surge in advertising for donations of virtual money.

ISIS have built up a war chest after transferring cash to cryptocurrency

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ISIS have built up a war chest after transferring cash to cryptocurrencyCredit: Alamy

ISIS used cryptocurrency to fund the Easter Sunday terrorist attack in Sri Lanka, which killed more than 250 people when suicide bombers attacked churches and hotels in quick succession.

The Islamic death cult was crushed last year when they were driven out of their last enclave in Baghuz in north eastern Syria.

Fears have recently been raised that ISIS sleeper cells have regrouped under new leader Abu Ibrahim al-Hashimi al-Quraishi and are now taking advantage of outbreaks of Covid-19 in Iraq and Syria.

The Counter Extremism Project, a think tank, tracked the trend in a new report, Cryptocurrencies and Financing of Terrorism: Threat…

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