The first known case of a nonfungible token (NFT) created and shared by a “terrorist sympathizer” has come to light, raising concerns that the immutable nature of blockchain tech could help the spread of terrorist messages and propaganda. In a Sept. 4 article in The Wall Street Journal (WSJ), intelligence experts said the NFT could be a sign that Islamic State and other terror groups may also be using blockchain technology to evade sanctions and raise funds for their terrorist campaigns. The NFT in question was reportedly discovered by Raphael Gluck, co-founder of the U.S.-based research firm Jihadoscope, who discovered …

The terrorist organization known as the Islamic State of Iraq and Syria, or ISIS, is beginning to switch to Monero (XMR) to accept donations from the public. As reported by blockchain intelligence company, Whitestream, and independently confirmed by Cointelegraph, a news website affiliated with the terrorist organization and the jihadist movement has updated its donations page on June 21 to only accept Monero. According to the tutorial page published by the website, Monero is a more secure method of payment that cannot be traced. The page then explains how users can buy and send Monero, while including the XMR address. …

Blockchain forensics firm Chainalysis has published a report debunking a number of popular narratives surrounding the use of crypto to finance terrorism. The report emphasizes the harm of false reporting in spreading misinformation and damaging the reputation of firms operating with virtual currencies. As “a trusted investigative partner to governments around the world, preventing terrorists from using cryptocurrency is one of our primary objectives,” Chainalysis states. “It’s a serious task, and it’s important to be responsible and judicious when releasing information on a subject as consequential as terrorism financing.” Chainalysis debunks ISIS’ $300m crypto war chest Chainalysis cites reports from …

Terrorist organization ISIS has turned to blockchain technology to anonymously spread videos and propaganda to thousands of people worldwide. A Vice report on Dec. 13th noted that experts who track ISIS’s activities online have found that supporters of the terror group are currently experimenting with blockchain-based messaging app, BCM. On the subject, a BCM spokesperson told Cointelegraph: “Our goal is to provide the most secure channel of communication and to safeguard the freedom of digital communication of our users, as we firmly believe that it is the cornerstone of any modern democratic society.” ISIS’s Rise To Power Through Mass Communication …