Published on November 20th, 2015 | by bitcoin0
Do Terrorists Use Bitcoin? $3M is the Tip of the Iceberg, Says Activist Group – Inverse
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.
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.
An anonymous member of Ghost Security Group confirmed to Bitcoin News Service NewsBTC that the group has been tracking funds on the deep web and working to shut them down.
One of the accounts we analyzed was found to contain 3 million U.S. dollars worth of Bitcoins.
It’s uncertain whether ISIS actually has the capacity to mine Bitcoin itself yet, but donations are coming in regularly.