Justice Department seizes millions in cryptocurrency from 3 terrorist organizations - News Summed Up

Justice Department seizes millions in cryptocurrency from 3 terrorist organizations


The Department of Justice announced Thursday the "dismantling of three terrorist financing cyber-enabled campaigns," targeting efforts by the al-Qassam Brigades -- the military wing of Hamas – Al Qaeda and ISIS. U.S. officials said these terror groups used cryptocurrency and social media to raise funds from around the world for their operations. QATAR'S ALLEGED FINANCE OF HEZBOLLAH PUTS US TROOPS AT RISK, DOSSIER CLAIMSAs for Al Qaeda, the Justice Department says it ran a scheme with other affiliated terrorist groups, largely out of Syria. “As the forfeiture complaint details, these terrorist organizations operated a bitcoin money laundering network using Telegram channels and other social media platforms to solicit cryptocurrency donations to further their terrorist goals,” the release said. “There’s a clear indication that the target of this fraud scheme was people in the United States,” a senior Justice Department official told Fox News.


Source: Fox News August 13, 2020 16:10 UTC



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