The DOJ has seized millions of dollars' worth of cryptocurrency from terrorist organizations, according to unsealed court documents. It also seized websites tied to an ISIS scheme to sell fake face masks.
"The site administrators offered to sell these items to customers across the globe, including a customer in the United States who sought to purchase N95 masks and other protective equipment for hospitals, nursing homes, and fire departments," the statement said.
The government seized the websites involved and said it is investigating whether the fraud resulted in any funds being sent to support terror efforts; the websites may also have been used for money laundering, the administration suggested.The other two cases involved al-Qaida and Hamas soliciting cryptocurrency donations, either by appealing to their supporters or by impersonating charities.
Cryptocurrency's appeal lies, in part, in a potent mix of transparency and anonymity. All transactions are documented in a blockchain, a kind of ledger or record-keeping system that is visible to the public. But instead of being tied to a person's name or identity , the funds are only tied to strings of numbers.
This layer of pseudonymity has made cryptocurrency such as Bitcoin popular for some criminal transactions. But the Justice Department wrote in the newly unsealed court documents that"it is possible to determine the identity of an individual involved in a [bitcoin] transaction through several different tools that are available to law enforcement."If someone exchanged bitcoin for U.S. dollars using a U.S.
Software that looks for"clusters" of transactions could then identify other bitcoin possessed by the same individual, according to the filing.
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