Alva Review-Courier -

US seizes virtual currency alleged to fund militant groups

 

August 14, 2020



WASHINGTON (AP) — The Justice Department said Thursday that it has seized millions of dollars from cryptocurrency accounts that militant groups, including al-Qaida and the Islamic State, used to finance their organizations and violent plots.

Law enforcement officials said the groups used the accounts to solicit donations, including through a scam that sought to raise money from the sale of fraudulent personal protective equipment for the coronavirus pandemic.

Officials described it as the largest-ever seizure of virtual currency funds related to terrorism. It's also part of a broader Just...



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