An Israeli cyber intelligence analyst claims that ISIS is using the dark web and bitcoin for recruitment and fundraising. Unregulated system “gaps” could indeed be exploited by terrorists seeking refuge in the anonymous network, experts say.
Haaretz newspaper quoted an Israeli analyst who said he traced an ISIS funding website and “has uncovered concrete evidence that a terror cell, purporting to be related to the Islamic State – is soliciting for bitcoins as part of its fundraising efforts.”
The fundraiser reportedly called for the support of a “new Islamic front – both in the United States, and around the world.” It allegedly called for donations to be made through various means, all of which –“besides economic support through bitcoin” – should have been done with much caution “due to the security apparatus’ recent crackdown on any and all Islamic change fronts here in the United States.”
The analyst believes the finding could be pointing to a larger, more worrying trend of terrorists taking refuge in the anonymous network, as social media websites are increasing their efforts to shut down terror-related accounts.
Jimmy Gurule, the former under secretary of the Treasury Department under George W. Bush and an international criminal law expert on terrorism and terrorist financing, told RT that the allegation is possible.
“Bitcoin is currently not regulated, and so I think that it does present a risk to moving money for criminal purposes,” said Gurule. “And I think potentially the terrorists could have found a chink in the armor, or could have found a gap in our regulatory system that they may be exploiting.”