The coming altcoin news show that terrorists collect crypto funds through the popular instant messaging app Telegram. The app is known for its focus on privacy, which is why the report outlines that it is reportedly used by terrorist groups to raise funds in crypto for their cause.
We are talking about the Washington-based nonprofit firm , which recently outlined that terrorists collect crypto after using social media channels such as Facebook, Twitter and other platforms such as Telegram. The report states that their “app of choice” for raising funds in various cryptocurrencies such as BTC, DASH, ETH and XMR is Telegram.
The jihadist groups are reportedly known for publishing nice-looking videos, PDFs, posters as well as other materials in Telegram groups as well as dedicated Instagram and other social media accounts with hashtags for “campaigns” to encourage readers to donate. The entire case even made it to CBSN.
According to the latest cryptocurrency news, donors can buy car bombs for $20,000 as well as rockets for $9,000 with a chance to prepare a fighter for a storming operation for $1,000 in the Syrian militant group Hay’at Tahrir al-Sham (HTS) Telegram group.
— Eng. Mahmoud Soliman (@EMahmoudSoliman) August 30, 2018
Another popular jihad crowdfunding platform named SadaqaCoins recently published a video shared in a Telegram group, asking for donations like purchasing a bolt action sniper rifle for $4,070 for the terrorists. As many best cryptocurrency news sites noted, it will become worse after the release of Telegram’s TON blockchain.
In light of the new report, MEMRI fears that the release of the TON blockchain will make things more complicated. The TON blockchain is scheduled to launch a public test on September 1st with the full release of both the network and the company’s GRAM token. Now that terrorists collect crypto through Telegram, they may find it easier to do the same in the future.
The Washington-based research institute also noted that counterterrorism officials should be prepared for the surging terrorist activity after the release of TON, MEMRI’s report dubbed “The Coming Storm: Terrorists Using Cryptocurrency” stated.
It seems like terrorists are finding more and more ways to raise money via cryptocurrency.
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“Therefore, these should be registered with the Commission and necessary disclosures need to be made for the protection of the investing public," the draft notes.In February this year, CEZA announced a new set of rules governing digital asset token offerings, designed to regulate the industry and protect investors against acquisition of utility and security tokens.
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US Treasury Sanctioned Major North Korean Hacker Groups For Cyberattacks
“Treasury is taking action against North Korean hacking groups that have been perpetrating cyber attacks to support illicit weapon and missile programs. [...] We will continue to enforce existing U.S. and UN sanctions against North Korea and work with the international community to improve cybersecurity of financial networks.”In August this year, many best cryptocurrency news sites talked about the US Treasury and its attempts to sanction hacker groups. The news also reported that the United Nations claimed that North Korea had netted around $2 billion by hacking banks and cryptocurrency exchanges. The UN Security Council North Korea Sanctions Committee also came up with a statement, saying that these hackers formed an essential part of the government's funding, reporting the following:
“Democratic People’s Republic of Korea cyber actors, many operating under the direction of the Reconnaissance General Bureau, raise money for its WMD (weapons of mass destruction) programs, with total proceeds to date estimated at up to two billion US dollars.”On September 1 this year, we also reported that the North Korea official state media denied allegations of massive theft by North Korean agents. The KCNA cited a statement from the National Coordination Committee of the DRPK which accused the US and other hostile forces of spreading slanderous rumors. The statement read:
“Such a fabrication by the hostile forces is nothing but a sort of a nasty game aimed at tarnishing the image of our Republic and finding justification for sanctions and pressure campaign against the DPRK.”The statement also added that the UN is "re-enacting the same old trick as the fascist propagandists of Hitler used to use."
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