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UNCHAINED: How Much Money Are Terrorists Actually Raising in Crypto?

UNCHAINED: How Much Money Are Terrorists Actually Raising in Crypto?

FromCoinDesk Podcast Network


UNCHAINED: How Much Money Are Terrorists Actually Raising in Crypto?

FromCoinDesk Podcast Network

ratings:
Length:
70 minutes
Released:
Nov 15, 2023
Format:
Podcast episode

Description

Here’s why it’s difficult to calculate exactly how much money terrorists are raising in crypto. The recent Wall Street Journal article that claimed Hamas raised $130 million via cryptocurrency has sparked considerable debate, especially after Sen. Elizabeth Warren used it as her sole source to ask for tighter regulations around crypto. However, the veracity of this claim has come under scrutiny. Yaya Fanusie, Jessi Brooks, and Andrew Fierman delve into the veracity of reported figures, the methodology behind them, and the subsequent industry responses that sought to correct the public record. They examine the political implications of cryptocurrency, its use in funding organizations, and the nuanced role of stablecoins in this digital economy. Additionally, they address the broader challenges in regulating crypto to prevent illicit funding, emphasizing the need for factual accuracy and a comprehensive approach to understanding and tackling such complex issues. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Show highlights |  How the Wall Street Journal article claimed that Hamas and other militant groups in Palestine raised $130 million via cryptoWhy Yaya, who spent some time in his career doing research on terrorist financing, found those numbers oddWhy Jessi believes that there's been a loss of focus on facts and accuracyAndrew's explanation of the post by Chainlaysis that corrected the recordWhy it's so difficult to make a confident assessment of how much money is being funneled to terrorist groupsWhether crypto has become politicized Why is it so important to focus not only on the crypto fundraising but also the other avenues, according to JessiThe role of USDT and other stablecoins in fundraising terrorist organizationsTow North Korea is a much more sophisticated actor than Hamas in its know-how about cryptoHow the government has tried to respond to the illicit usage of crypto, such as the OFAC sanctions on Tornado cashThe challenges to creating regulations to prevent the use of illicit activity in cryptoThank you to our sponsors!  Crypto.com |  LayerZero  | Popcorn NetworkGuests | Yaya Fanusie, Director of anti-money laundering and cyber risk at the Crypto Council for Innovation.Previous appearance on Unchained: How Widespread Is Money Laundering in Crypto?Hamas has been experimenting with crypto for years: Yaya Fanusie, appearance on FOX BusinessJessi Brooks, CCO and Legal Officer at Ribbit Capital.Previous appearance on Unchained: How This DOJ Strike Force Hunts Down Cryptocurrency CriminalsAndrew Fierman, Head of Sanctions Strategy at Chainalysis Links | Fundraising report and corrections WSJ: Hamas Militants Behind Israel Attack Raised Millions in CryptoCryptocurrency Feeds Hamas’s TerrorismQuestioning Two Senators on Crypto TerrorismWashington Post: U.S. to warn crypto firms against financing Hamas, terror groups U.S. Cyber Command helps prosecutors seize stolen cryptocurrency traced to illicit N. Korea nuclear weapons programFT: Israel orders freeze on crypto accounts in bid to block funding for HamasFortune: Stricter verification laws in the U.S. won’t stop international terrorists from using cryptoDOJ: Global Disruption of Three Terror Finance Cyber-Enabled CampaignsElliptic: Setting the record straight on crypto crowdfunding by HamasHow Hamas has utilized crypto, and what may be comingChainalysis: Cryptocurrency and Terrorism Financing: Correcting the RecordDOJ Takedowns Terrorism Financing with Blockchain AnalysisNic Carter Twitter thread: Can crypto-twitter OSINT outperform the WSJ’s chain analysis?Nic Carter Tweet: Liz Warren wyd?Tornado Cash sanctions: Bitcoin News: Snoop Dogg, Steve Aoki, Logan Paul, and Beeple Dusted by OFAC-Banned Tornado Cash TransactionsPrevious coverage of Unchained on Tornado Cash:Is This the End of DeFi? Why the US Government Is Going After Tornado CashThe
Released:
Nov 15, 2023
Format:
Podcast episode

Titles in the series (100)

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