Islamic State reportedly uses Bitcoin for anonymous financial transactions
Tel Aviv-based senior analyst at
Singaporean cyberintelligence company claimed he had managed to track
down an IS website via a referral on a Turkish forum. The unnamed site
contained messages by a user nicknamed Abu-Mustafa, explaining how to
send donations to the Islamists.
The Islamic State (IS) jihadist group is using cybercurrency bitcoin
to carry out anonymous financial transactions, Israeli newspaper Haaretz
reported Thursday.
"Due to the increasing efforts of social media websites to close
ISIS-related accounts, it was estimated that global jihad activists
would seek refuge in the dark web," Ido Wulkan, a Tel Aviv-based senior
analyst at Singaporean cyberintelligence company S2T, was quoted
as saying by Haaretz.
The dark web consists of private networks where content is hidden
from standard search engines and connections can only be made
between trusted peers.
Wulkan claimed he had managed to track down an IS website via a referral
on a Turkish forum. The unnamed site contained messages by a user
nicknamed Abu-Mustafa, explaining how to send donations to the
Islamists.
"Donations may be made through various means both monetary and
physical… though anything besides economic support through Bitcoin must
be approved by the board and taken with much caution due to the security
apparatus' recent crackdown on any and all Islamic change fronts here
in the United States," Abu-Mustafa allegedly wrote.
The user's account is said to have been shut down by the FBI.
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