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Fears Missing ISIS Millions Are Hidden In Cryptocurrency Ready For Use As War Chest

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The National

by Nicky Harley

Exclusive: Experts issue warning that terrorist groups are using cryptocurrency for laundering

Fears Missing ISIS Millions Are Hidden In Cryptocurrency Ready For Use As War Chest

ISIS is using cryptocurrency platforms to conceal donations and get around financial security measures, experts have revealed after a surge in advertising for donations.

They fear the terrorist group’s missing $300 million (Dh1.1 billion) war chest could have been transferred into a digital currency to hide it from the authorities.

Last year ISIS used cryptocurrency to fund the Easter Sunday terrorist attack in Sri Lanka, which killed more than 250 people when suicide bombers attacked churches and hotels in quick succession.

Read more: https://www.thenational.ae/world/fears-missing-isis-millions-are-hidden-in-cryptocurrency-ready-for-use-as-war-chest-1.1021275