Anti-Assad Group Experiments With Privacy-Focused Cryptocurrency Monero To Fund Jihad

April 5, 2018

Monero is a cryptocurrency that focuses on privacy and decentralization and is harder to trace than Bitcoin.[1] It obscures the sender, recipient, and amount of each transaction, and so has become a popular cryptocurrency among organized crime groups and neo-Nazis. The FBI has said that it is concerned about the use of Monero by criminals.[2] Jihadi fundraising groups such as Al-Sadaqah, which raises funds online for jihad groups in Syria, also use Monero. The image above shows how Al-Sadaqah shared its Monero wallet address on social media so those interested could anonymously "donate now to support the brothers on the front lines."

[1] Getmonero.org, accessed April 4, 2018.

[2] Coindesk.com, January 25, 2017.

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