Digital anti-terrorism activists Ghost Security Group claims to have uncovered several Bitcoin address being used by ISIS, with one account containing as much as $3 million in U.S. dollars.
Since cryptocurrency started gaining popularity there’s been concerns it could pay for something more sinister than bad MDMA on the dark web. In 2014, a blog associated with ISIS wrote how a ”global jihad” could be funded by Bitcoin, and indeed that now seems to be the group’s digital money of choice.
In an email exchange the member writes:
The Islamic State does use cryptocurrencies as a form of income to fund their ongoing operations and we have managed to uncover several Bitcoin addresses used by them. One of the accounts we analyzed was found to contain 3 million U.S. dollars worth of Bitcoins.
Cryptocurrency isn’t without its drawbacks. Its value is unpredictable, as it grows increasingly common so will methods to track it. Like any currency, there’s a threat of it being stolen, and it can be difficult to