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Terror group Islamic State uses crypto to fund attacks in Africa
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Terror group Islamic State uses crypto to fund attacks in Africa

Evarist Chahali's avatar
Evarist Chahali
Mar 28, 2024
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Terror group Islamic State uses crypto to fund attacks in Africa
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The Islamic State group (IS) has turned to cryptocurrencies to move money from places such as Somalia and South Africa to fighters elsewhere on the continent.

Private donations, known as “sadaqah” in Arabic, make up one of IS’s largest sources of revenue. Although much of this money moves through the informal system known as hawala, some IS supporters us…

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