Five myths about cryptoterrorsim: understanding trends and modus operandi of terrorism financing through cryptoassets
UNDERSTANDING TRENDS AND MODUS OPERANDI OF TERRORISM FINANCING THROUGH CRYPTOASSETS
DOI:
https://doi.org/10.5752/P.1809-6182.2024v21n1p51-68Palavras-chave:
Crypto assets;, Cryptocurrency;, Crypto terrorism;, Terrorism financing;, TerrorismResumo
This article debunks five common myths about crypto terrorism, examining how terrorists
exploit digital assets. While the terrorist use of cryptocurrencies is limited and involves
small amounts, it extends beyond Bitcoin and leaves detectable traces. To address this
evolving threat effectively the misuse, not the assets, should be criminalized.
Downloads
Referências
Quickly. Available at https://www.chainalysis.com/blog/terrorism-financing-cryptocurrency-
2019/ accessed 5/Aug/2024.
CHAINANALYSIS. 2023a. Correcting the Record: Inaccurate Methodologies for Estimating
Cryptocurrency’s Role in Terrorism Financing. Available at
https://www.chainalysis.com/blog/cryptocurrency-terrorism-financing-accuracy-check/
accessed in 5/Aug/2024.
CHAINANALYSIS. 2023b. Hamas’ Al-Qassam Brigades Announces End of Cryptocurrency
Donation Efforts. Available at https://www.chainalysis.com/blog/hamas-al-qassam-brigades-
cryptocurrency-donations-shutdown/ accessed 5/Aug/2023.
CHAINANALYSIS 2024. The 2024 Crypto Crime Report: The latest trends in ransomware, scams,
hacking, and more. Chainanalysis: S.l..
CTED 2024. CTED hosts Insight Briefing on “Latest trends in the use of cryptocurrency by
terrorist groups and their supporters”. Security Council Counter-Terrorism Committee, Counter-
Terrorism Committee Executive Directorate: New York. Available at
https://www.un.org/securitycouncil/ctc/news/cted-hosts-insight-briefing-%E2%80%9Clatest-
trends-use-cryptocurrency-terrorist-groups-and-their accessed 5/Aug/2023.
DA’ESH. S.d. Jihad with Wealth. Voice of Khurasan. Islamic State Khurasan Province: s.l..
DoT 2024. Illicit Finance Risk Assessment of Non-Fungible Tokens. US Department of Treasure:
Washington.
FATF. 2015. Emerging Terrorist Financing Risks. Financial Action Task Force: Paris.
FATF. 2021. Updated Guidance for a Risk-Based Approach: Virtual Assets and Virtual Asset
Service Providers. Financial Action Task Force: Paris.
HOWCROFT, E.; WILSON, T.. 2023. Tether Freezes Crypto Linked To 'Terrorism and Warfare' in
Israel and Ukraine. Reuters, October 17, 2023. Available at
https://www.reuters.com/technology/tether-freezes-873000-crypto-linked-terrorism-warfare-
israel-ukraine-2023-10-16/#:~:text=Press%20Releases-
,Tether%20freezes%20crypto%20linked%20to%20'terrorism,warfare'%20in%20Israel%20and%
20Ukraine&text=LONDON%2C%20Oct%2016%20(Reuters),the%20company%20said%20on%20
Monday Accessed 5/Aug/2024.
LASMAR, Jorge M. 2019. As Dinâmicas Financeiras do Terrorismo in FAGUNDES, C.F.F.; LASMAR,
J.M.; CHUY, J. F. M. “Perspectivas do Terrorismo Contemporâneo”. Arraes: Belo Horizonte.
NCoTA. 2024. The 9/11 Commission Report. The National Commission on Terrorist Attacks:
Washington.
NOCERA, Joe; LIVNI, Ephrat. 2023. Is Crypto Financing Terrorism? In The New York Times, 28
October, 2023. Avaliable at https://www.nytimes.com/2023/10/28/business/dealbook/is-
crypto-financing-terrorism.html accessed 5/Aug/2024.
OFAC. 2023. Counter Terrorism Designations: Specially Designated National List Update,
10/18/2023. U.S. Department of The Treasury, Office of Foreign Assets Control: Washington.
Available at https://ofac.treasury.gov/recent-actions/20231018 accessed 5/Aug/2024.
PHILLIPS, Daniel. 2023. How can Cryptocurrencies be Frozen on a Blockchain? Crypto Basics.
Available at https://coinmarketcap.com/academy/article/how-can-cryptocurrencies-be-frozen-
on-a-blockchain accessed in 5/Aug/2024.
SHARMA, Toshendra K. 2024. Security Tokens Vs. Utility Tokens: A Concise Guide. Blockchain
Council. Available at https://www.blockchain-council.org/blockchain/security-tokens-vs-utility-
tokens-a-concise-guide/ accessed in 5/Aug/2024.
TRM. 2022. New Evidence Confirms ISIS Affiliate in Afghanistan Accepting Cryptocurrency
Donations. TRM Labs. Available at https://www.trmlabs.com/post/new-evidence-confirms-isis-
affiliate-in-afghanistan-accepting-cryptocurrency-donations accessed in 5/Aug/2024.
TRM. 2023. Illicit Crypto Ecosystem Report. TRM Labs.
TRM. 2024. Detecting the Invisible: The Power of TRM Labs' Signatures™ in Blockchain
Investigations. TRM Labs.
Downloads
Publicado
Versões
- 2025-04-02 (3)
- 2025-03-23 (2)
- 2025-03-15 (1)
Como Citar
Edição
Seção
Licença
Autores que publicam nesta revista concordam com os seguintes termos:
1. Autores mantém os direitos autorais e concedem à revista o direito de primeira publicação, com o trabalho simultaneamente licenciado sob a Licença Creative Commons Attribution que permite o compartilhamento do trabalho com reconhecimento da autoria e publicação inicial nesta revista.
2.Autores têm autorização para assumir contratos adicionais separadamente, para distribuição não-exclusiva da versão do trabalho publicada nesta revista (ex.: publicar em repositório institucional ou como capítulo de livro), com reconhecimento de autoria e publicação inicial nesta revista.
3.Autores têm permissão e são estimulados a publicar e distribuir seu trabalho online (ex.: em repositórios institucionais ou na sua página pessoal) a qualquer ponto antes ou durante o processo editorial, já que isso pode gerar alterações produtivas, bem como aumentar o impacto e a citação do trabalho publicado (Veja O Efeito do Acesso Livre).