Reality Checking Current Cryptocurrency Terrorism Financing Reviews > 자유게시판

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Our mission is to construct belief in blockchains, and as a trusted investigative associate to governments world wide, preventing terrorists from using cryptocurrency is one of our major duties. It’s a severe job, and it’s essential to be accountable and judicious when releasing information on a topic as consequential as terrorism financing. False studies can't only misinform analysis, but in addition damage the repute of individual cryptocurrency firms and the business as a whole.

Over the past several months, three instances of erroneous analysis led to misleading headlines that continue to unfold concern. We’d wish to make some clarifications. This week, tales circulated that Hans-Jakob Schindler, director of the assume tank the Counter Extremism Project, mentioned that authorities have searched for ISIS’s lacking struggle chest since 2017 and crypto market 24/7 that he is wondering if the $300 million has not been found because cryptocurrency "might have been one of many methods it might need been used…

This would be a really perfect storage mechanism until it is required.

Whereas Schindler’s statement suggests that he doesn't have laborious proof and is speculating on a theory, media sensationalized it into headlines together with "Fears lacking ISIS thousands and crypto rest client firefox thousands are hidden in cryptocurrency ready for use as conflict chest," "ISIS has £246million Bitcoin struggle chest to spend on bloody terror comeback campaign, crypto-crawler expert warns," and "ISIS’s $300 million conflict chest is hidden in Bitcoin, says suppose tank". Schindler’s principle is also extremely unlikely.

We all know that almost all terrorism financing campaigns have raised less than $10,000, indicating restricted adoption. Additional, if ISIS had funneled oil proceeds into Bitcoin, buying and selling volume of regional exchanges and money service companies would have reflected this flow of funds. Of course, cryptocurrency can also be not necessarily the best storage mechanism for illicit funds. In contrast to money and different traditional types of value transfer, cryptocurrency is inherently transparent.

Every transaction is recorded in a publicly visible ledger. With the proper tools, we are able to cease dangerous actors from abusing the system for terrorism financing and different crimes.

We noticed one other unlucky instance of misinformation spreading earlier this yr when experiences mischaracterized the scale and scope of a terrorism fundraising marketing campaign run by Fashionable Resistance Committees (PRC) by way of Cash4PS, a money service enterprise primarily based in Gaza.

Information stories stated the group had raised virtually $24 million. We broke down how we used Chainalysis Reactor to point out that if PRC raised any money at all, it was substantially lower than $24M. There have been two errors that led to this mistaken conclusion. First, analysts started off assuming that all transfers to Cash4PS addresses had been related to terror financing. Whereas some Cash4PS addresses may belong to terrorist groups or their associates, there’s no evidence to suggest all of them are.

Second, analysts relied on a generic blockchain explorer, which does point out that upwards of $24 million value of Bitcoin has been obtained by Cash4PS addresses. Nevertheless, the vast majority of those transfers are from other Cash4PS addresses. Overall, slightly below $1M has been transferred to Cash4PS addresses from the skin.