Evidence of crypto usage by ISIS is ‘mounting’ — TRM Labs

Blockchain intelligence platform TRM Labs recently launched a report that highlighted the escalating use of cryptocurrency by ISIS affiliates across Asia. It was stated:” Over USD 517,000 was sent out in 2022 by individuals utilizing an Indonesia-based exchange to addresses determined by TRM Labs as belonging to pro-ISIS fundraising projects in Syria and the local exchanges that facilitate their activities. Through blockchain tracing, TRM Labs identified the circulation of funds and informed the exchange used by the group for cashing out their funds.

Blockchain intelligence platform TRM Labs just recently released a report that highlighted the intensifying usage of cryptocurrency by ISIS affiliates across Asia. It was specified:” Over USD 517,000 was sent in 2022 by individuals using an Indonesia-based exchange to addresses identified by TRM Labs as belonging to pro-ISIS fundraising projects in Syria and the regional exchanges that facilitate their activities. Through blockchain tracing, TRM Labs identified the circulation of funds and alerted the exchange used by the group for cashing out their funds.