Terrorists Turn to Bitcoin for Funding, and They’re ...

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Pretty funny: fake "blockchain expert analyst" Bruce Weiner kicked off Twitter for tipping terrorists bitcoin using Changetip.

Pretty funny: fake submitted by SatoshisGhost to Bitcoin [link] [comments]

The ISIS / terrorist Bitcoin piece is Phony

I live in the Middle East half the year and own a 25 year old security company whose clients include the DoD, FBI, Army, Navy etc. I am active in Bitcoin.
I've asked around and analyzed the piece claiming to be by ISIS which supports Bitcoin.
I'm absolutely convinced it is a hoax, phony or a fabrication.
Primary reasons are the writing style, terminology used (as if someone used a western anti-Muslim site as reference) and lots of other reasons.
It's either someone joking about or a more serious effort to discredit Bitcoin.
My guess would be a simply amateur doing a hoax not a grand government conspiracy because they fear Bitcoin.
B
Edit: Sorry I didn't have time to detail all the reasons I think it's fake. I'm very busy today and even on a non busy day don't have tons of time to spend an hour refuting something that's junk. This is the only reason I mentioned that I had the security firm etc. So people can judge my opinion for what it is -- if they think I'm credible on this topic, great, if not, that's okay also.
Edit 2:
Okay a few specific things.
Using the term dhimmi is suspect. Explaining it with a footnote is completely suspect.
Defining terms for other Islamic terms is also very suspect.
The overall writing style is not at all consistent with other similar real pieces.
Knowledge about Bitcoin in the Middle East is more basic than the US and Europe. To have a writer who knows about and references Dark Coin would be very, very rare.
Referring to people as mujahideen is very suspect. This term was used more in the 80s to describe a specific group.
Referencing Silk Road is suspect. This would not be considered a benefit.
The posting (and then deletion) on Google Docs is suspect.
What would be the goal of this? Possibility 1) a terrorist happens to be particularly knowledgeable about Bitcoin and wants to share this with other terrorists by using Google docs as the primary transmission means. 2) it's a hoax designed to make people or Bitcoin look bad or foolish
submitted by bruce_fenton to Bitcoin [link] [comments]

Dropping a dime on terrorists: Bitcoin, other virtual currencies to face international scrutiny - Nikkei Asian Review

submitted by m-m-m-m to Bitcoin [link] [comments]

Pretty funny: fake "blockchain expert analyst" Bruce Weiner kicked off Twitter for tipping terrorists bitcoin using Changetip.

Pretty funny: fake submitted by moon_drone to BetterBitcoin [link] [comments]

Terrorists Turn to Bitcoin for Funding, and They’re Learning Fast

This is the best tl;dr I could make, original reduced by 86%. (I'm a bot)
Terrorists have been slow to join other criminal elements that have been drawn to Bitcoin and have used it for everything from drug purchases to money laundering.
In recent months, government authorities and organizations that track terrorist financing have begun to raise alarms about an uptick in the number of Islamist terrorist organizations experimenting with Bitcoin and other digital coins.
Bitcoin has been slower to take off among terrorists in part because of its technical sophistication, terrorism experts said.
Terrorist groups have also had methods of using the traditional financial system without needing Bitcoin.
A leading sheikh with one of the biggest terrorist groups in Syria, Hayat Tahrir al-Sham, posted a long video to his online followers in July, explaining the origins of Bitcoin and declaring that it is permissible to use for charitable donations, according to a translation of the video by Memri.
"The terrorists are learning how to send and receive digital currency in a smarter way," said Itsik Levy, the chief executive of Whitestream, the Israeli intelligence firm tracking Bitcoin transactions.
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Will A New Generation of Terrorists Turn to Bitcoin?

Will A New Generation of Terrorists Turn to Bitcoin?
by via Foundation for Defense of Democracies
URL: http://ift.tt/2ruf8fy
Yaya J. Fanusie
11th June 2017 - The Cipher Brief
The Cipher Brief: Is there significant evidence of terrorist groups turning to virtual currencies for funding? Why do you think that is?
Yaya Fanusie: No, not if by significant you mean signs that multiple terrorist organizations are using virtual currencies as a consistent way to receive or transfer funds. What we can infer from the few data points in the public domain is that, among jihadist groups, some group members or sympathizers with strong technical backgrounds are experimenting with bitcoin transactions. Last year, we investigated a terrorist funding campaign where a group in the Gaza Strip sought bitcoin donations to raise thousands of dollars per fighter. However, the campaign only received a few hundred dollars total, according to analysis of the bitcoin address.
Indonesian authorities earlier this year reported that a Syria-based Indonesian with the Islamic State sent funds to Indonesia for attacks. However, they also said he used PayPal. This person was a former computer science student, so it’s not surprising that he would leverage financial technology.
These are examples of terrorists using virtual currencies, but probably are not indicative of a major push. Right now, virtual currencies are harder to acquire and spend than, say, prepaid cards, or the most anonymous way to fund terrorism – cash. And most terrorists operate in a world where fiat, or government-backed, currency is needed for their expenditures, so a virtual currency where one has to figure out how to cash out without tipping off authorities only complicates a funding scheme.
Bitcoin activity can be tracked because the currency has a public distributed ledger that logs all transactions. So, even if someone is operating seemingly anonymously, transactions analysis might help investigators uncover their identity.
Any terrorist organization seeking to exploit virtual currencies as a major part of its financing would need a high level of technical sophistication to not only use cryptocurrency tools in the first place, but to do so with confidence that their transactions would not lead to their discovery and disruption. This would be risky and it appears that most members of terrorist groups do not currently fit this profile.
TCB: Do you see groups turning to virtual currencies more in the future? Would this be in the form of taking donations or would they turn to cybercrime, such as ransomware, for revenue?
Fanusie: Well, I think you’re onto something by bringing up cybercrime. The threat for terrorists to use virtual currencies might arise in a situation where the worlds of terrorism and cybercrime converge.
Using virtual currencies for donations probably would not make sense from a terrorist's perspective. Soliciting donations usually means making overtures to a broad, unidentified audience. There’s the risk of the solicitor bringing unwanted attention to their activities. But there’s also the risk to the donor. By sending bitcoin or similar currencies to a terrorist organization, you’d establish a verifiable link between yourself and the group.
Cybercriminals currently use virtual currencies because they’re useful for the cyber realm they exploit. With computer science expertise, cybercriminals build complex methods and schemes to steal in a digital environment. Virtual currencies are the “internet money” of that world. But you probably will not see a shift of terrorist groups towards funding techniques like ransomware attacks unless you see cybercriminals joining or sympathizing with terrorists’ causes. Hypothetical scenarios could be imagined where this could become the case, but typically, motivations between terrorists and cybercriminals are not aligned.
What law enforcement and intelligence officials should be watching out for is terrorist technical adaptation and any converging motivations and allegiances with cybercriminals.
Also, one should consider that young adults are more inclined to use new financing and payment methods, compared to older demographics. Any shifts in use of virtual currencies by terrorist groups probably would come from the influence of younger people in those groups.
TCB: Part of what appears to be inhibiting terrorist groups from turning to virtual currencies is that they often need to convert it back into physical currencies to make purchases and pay salaries. Do you see this changing with terrorist groups ordering equipment online through dark web marketplaces?
Fanusie: The dark web as a resource for various illicit actors is expanding and unfortunately, it probably does provide opportunities for terrorists who may seek purchases in onesies and twosies as opposed to large-scale transactions. Dark web marketplaces often accept a variety of virtual currencies, so most buyers know a bit about transacting in cryptocurrency and possibly also how to use mixers and other anonymizing tools.
But again, a shift would have to happen where terrorists become more cyber-minded and technically oriented for this to be a major way of securing equipment. The terrorist bitcoin fundraising campaign I mentioned earlier was pegging much of its funding solicitation to weapons acquisition. If terrorist groups did successfully raise significant virtual currency donations, purchasing on the dark web might be a logical next step, but such fundraising appears to have been minimal.
TCB: Would this be a major development in how terrorist groups inspire and support lone wolf attacks? Why?
Fanusie: If we did see more terrorist interest in using virtual currency for the dark web, I’m not sure this would create any major developments. For example, in 2014, a Virginia teenager who was an Islamic State supporter posted a white paper he wrote encouraging others to fund IS through bitcoin payments. So, this idea of using virtual currencies as a way to support terrorism has been out there for a few years, without it seeming to play a significant role in inspiring others. And one should also consider that in the case where a lone wolf is already involved in criminal circles, he or she may have relatively easy access to black market weapons in person.
If so-called lone wolf terrorists are adapting in any way, it has been in finding ways to commit atrocities without guns or bombs. Al-Qaeda and IS have already encouraged supporters in the U.S. and Europe to leverage everyday resources like knives and vehicles for attacks. Purchasing weapons on the web would be riskier.
TCB: How could officials concerned with counterterrorism financing disrupt terrorist use of virtual currencies in the future? Could this have a detrimental impact on the growth of virtual currency use for legitimate reasons?
Fanusie: It’s pretty clear. Recruit and retain technically-savvy people to work in counterterrorism (CT), especially people with computer science backgrounds who either already understand virtual currencies or would be quick learners to help agencies adapt in this quickly evolving space.
I wouldn’t frame it as disrupting terrorist use of virtual currencies, but rather that counterterrorism folks need to get be as agile as the terrorists who are experimenting with whatever methods will get them results. Terrorists will not use virtual currencies if they find that intelligence agencies and law enforcement are effective at catching them by it.
For the counterterrorism experts who currently do not have a technical background, all is not lost. I never studied computer science, but as a former CT analyst, I’ve always been intrigued by the thrill of investigative work. This space is stimulating from an analytic perspective. I think if CTers start learning just the basics about how virtual currencies are used and how the blockchain can be analyzed, it will add to their ability to identify how terrorists might innovate. The key to good counterterrorism work is staying ahead of the terrorist curve.
The approaches I’ve described for the CT community shouldn’t negatively impact the licit use of virtual currencies. And even in the midst of the WannaCry ransomware attack and the occasional media story about the illicit use of cryptocurrencies, there appears to be growing legitimate business and public interest in the technology. In fact, legitimate interest does not seem to be ramping down at all.
Yaya J. Fanusie is the director of analysis for the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance (CSIF). Follow him on Twitter @SignCurve.
Tagsbitcoin, cyber, terror-finance
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Terrorists Allegedly Sent Funds from France to Syria via Bitcoin Coupons

Terrorists Allegedly Sent Funds from France to Syria via Bitcoin Coupons submitted by SaneFive to Bitcoin [link] [comments]

10-04 10:45 - 'BLM is a terrorist cult. Screw them' by /u/zeroknowledgeproofs removed from /r/Bitcoin within 182-192min

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BLM is a terrorist cult. Screw them
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Terrorists Allegedly Sent Funds from France to Syria via Bitcoin Coupons (x-post from /r/Bitcoin)

Terrorists Allegedly Sent Funds from France to Syria via Bitcoin Coupons (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Fed Agents Tricked Hamas ( terrorist group ) to send over $1 Million in Bitcoin over to Uncle Sam

Fed Agents Tricked Hamas ( terrorist group ) to send over $1 Million in Bitcoin over to Uncle Sam submitted by SEAR_ME to Bitcoin [link] [comments]

08-15 16:55 - 'Fed Agents Tricked Hamas ( terrorist group ) to send over $1 Million in Bitcoin over to Uncle Sam' (fortune.com) by /u/SEAR_ME removed from /r/Bitcoin within 0-10min

Fed Agents Tricked Hamas ( terrorist group ) to send over $1 Million in Bitcoin over to Uncle Sam
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Author: SEAR_ME
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U.S. Seizes Bitcoin Said to be Used to Finance Terrorist Groups

U.S. Seizes Bitcoin Said to be Used to Finance Terrorist Groups submitted by LiterallyStonkler to StonkFeed [link] [comments]

U.S. Agents Get in the Way of Bitcoin Terrorist Financing

submitted by raaner12 to Altcoinss [link] [comments]

The US seized millions in crypto from terrorist groups (x-post from /r/Bitcoin)

The US seized millions in crypto from terrorist groups (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

U.S. Seizes Bitcoin Said to be Used to Finance Terrorist Groups

U.S. Seizes Bitcoin Said to be Used to Finance Terrorist Groups submitted by bobcat to nytimes [link] [comments]

US says it has seized millions in cryptocurrency meant to fund terrorist groups (x-post from /r/Bitcoin)

US says it has seized millions in cryptocurrency meant to fund terrorist groups (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

[Politics] - U.S. Seizes Bitcoin Said to be Used to Finance Terrorist Groups

[Politics] - U.S. Seizes Bitcoin Said to be Used to Finance Terrorist Groups submitted by AutoNewsAdmin to NYTauto [link] [comments]

U.S. Seizes Bitcoin Said to be Used to Finance Terrorist Groups

U.S. Seizes Bitcoin Said to be Used to Finance Terrorist Groups submitted by -en- to newsbotbot [link] [comments]

[Politics] - U.S. Seizes Bitcoin Said to be Used to Finance Terrorist Groups | NY Times

[Politics] - U.S. Seizes Bitcoin Said to be Used to Finance Terrorist Groups | NY Times submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

HSBC bank stealing all the money of Hong Kong resistance movement.Want freedom?, too bad, banks will side with the powerful oppressive state every time. Get bitcoin now, so one day you aren't locked out of the financial system, on a long enough timeline everyone is considered a domestic terrorist

HSBC bank stealing all the money of Hong Kong resistance movement.Want freedom?, too bad, banks will side with the powerful oppressive state every time. Get bitcoin now, so one day you aren't locked out of the financial system, on a long enough timeline everyone is considered a domestic terrorist submitted by MakeTotalDestr0i to Bitcoin [link] [comments]

Drama in /r/worldnews when 'Bitcoin is a way for terrorists to raise money' is a top submission

submitted by subredditdramaGPT2 to SubSimulatorGPT2 [link] [comments]

Blockchain Bites: Trump on Bitcoin, Powell on Digital Dollars and the Truth About Terrorist Financing

Blockchain Bites: Trump on Bitcoin, Powell on Digital Dollars and the Truth About Terrorist Financing submitted by Ranzware to BitNewsLive [link] [comments]

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Terrorist Group Turns To Bitcoin For Funding The Western Government has recently deemed Hamas, the militant Palestinian group as a terrorist organization. While the group has now technically been ousted from tapping any resources in the traditional financial system, its military wing is developing a campaign to raise funds using Bitcoin. Terrorist groups have also had methods of using the traditional financial system without needing Bitcoin. Hamas, which controls the Palestinian coastal territory of Gaza, has traditionally survived on hundreds of millions of dollars of donations from foreign governments like Qatar. A group solicits funds for weapons by asking for bitcoin, according to the Department of Justice. The Trump administration says al-Qaida and affiliated groups have used such donations to fund ... According to the complaint, al-Qaeda and its affiliated terrorist groups operated a bitcoin money-laundering network using Telegram channels and other social media platforms to solicit ... A leading sheikh with one of the biggest terrorist groups in Syria, Hayat Tahrir al-Sham, posted a long video to his online followers in July, explaining the origins of Bitcoin and declaring that ...

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Terrorism and Crypto: Evidence from Ex-CIA Analyst

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