RATE Group | No, ISIS Does Not Have $300M in a Bitcoin ‘War Chest’
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No, ISIS Does Not Have $300M in a Bitcoin ‘War Chest’

21 May No, ISIS Does Not Have $300M in a Bitcoin ‘War Chest’

Posted at 03:42h in Bitcoin News by

Blockchain forensics firm Chainalysis has published a report debunking a number of popular narratives surrounding the use of crypto to finance terrorism.

The report emphasizes the harm of false reporting in spreading misinformation and damaging the reputation of firms operating with virtual currencies.

As “a trusted investigative partner to governments around the world, preventing terrorists from using cryptocurrency is one of our primary objectives,” Chainalysis states.

“It’s a serious task, and it’s important to be responsible and judicious when releasing information on a subject as consequential as terrorism financing.” 

Chainalysis debunks ISIS’ $300m crypto war chest

Chainalysis cites reports from over the last week claiming that ISIS’s missing $300 million war chest is being held in Bitcoin (BTC).

Despite being expressed as a certainty in mainstream reporting, the primary source for the reports, Hans-Jakob Schindler, director of the Counter Extremism Project…

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