« on: November 23, 2018, 09:22:45 pm »
ISIS war chest decimated by Bitcoin crash after terror chiefs invested millions in collapsing cryptocurrency, an expert claims
The virtual currency can be traded anonymously, which makes it a popular way of funding illegal activities
By Sam Webb
23rd November 2018, 7:19 pmUpdated: 23rd November 2018, 8:44 pm
THE war chest of extremist group ISIS has been decimated by the Bitcoin crash after terror chiefs invested millions in the collapsing cryptocurrency, an expert has said.
The value of bitcoin has plunged to below $4,500 (£3,498) for the first time in a year - a fall which, it is claimed, is hitting terrorists in the wallet.
According to experts, terror groups often use cryptocurrency - a form of digital money that uses encryption to secure transactions – because it is incredibly hard to trace.
But the price of bitcoin plunged 7 percent to $4,387 (£3,432) this week, a loss of 30% and the lowest value it's been in over a year.
Read more at: https://www.thesun.ie/news/3424201/isis-war-chest-decimated-by-bitcoin-crash-after-terror-chiefs-invested-millions-in-collapsing-cryptocurrency/
« Last Edit: November 23, 2018, 09:23:55 pm by TomSea »
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