Unchained How Much Money Are Terrorists Actually Raising in Crypto? - Ep. 570
Nov 14, 2023
Yaya Fanusie, an expert in terrorist financing, Jessi Brooks, a former U.S. attorney specializing in national security, and Andrew Fierman, a sanctions strategist, dive deep into the contentious claim that Hamas raised $130 million in cryptocurrency. They dissect the importance of accurate data and the political ramifications of such figures. The trio examines the challenges of regulating crypto to prevent its misuse, while exploring the evolving tactics of terrorist organizations in fundraising. They also discuss the complex role of stablecoins like Tether in this dynamic.
AI Snips
Chapters
Books
Transcript
Episode notes
Difficulty in Pinpointing Terrorist Financing Amounts
- Pinpointing exact terrorist financing amounts is difficult.
- Groups like Hamas use various funding sources, many of which are not publicly visible.
Hamas's Crypto Use
- Hamas primarily converts crypto to fiat for spending.
- They are not as sophisticated as North Korea in using crypto for illicit purposes.
Hamas's Use of Single-Use Wallets
- Hamas used single-use wallets for crypto donations.
- These wallets generate a new address for each donation, making tracking more difficult.
