Chainalysis says recent media reports about the supposed use of crypto by terrorist organizations might be overstating metrics and using “flawed analyses”
- Chainalysis said some recent reports about the supposed use of crypto by terrorist organizations might be overstating metrics and using “flawed analyses.”
The Block RT Watson
Related Coverage
- Correcting the Record: Inaccurate Methodologies for Estimating Cryptocurrency's Role in Terrorism Financing Chainalysis
- Following Terrorist Attack on Israel, Treasury Sanctions Hamas Operatives and Financial Facilitators U.S. Department of the Treasury
- US lawmakers urge White House crack down on Hamas use of crypto after Israel attack Reuters · Hannah Lang
- Gaza Crypto Broker Sanctioned by US Treasury Elliptic
- Dear Under Secretary Nelson and Mr. Sullivan: We write to express our grave concern regarding reports that … U.S. Senator Elizabeth Warren of Massachusetts · Elizabeth Warren
- Crypto Is a Small Slice of Hamas' Funding — But It's Deadly Bloomberg · Lionel Laurent
- Chainalysis says crypto usage for terror financing is ‘tiny fraction’ of overall volume CryptoSlate · Assad Jafri
- What Role Is Crypto Actually Playing in the Israel-Palestine Conflict? Decrypt · Sander Lutz
- Chainalysis report debunks crypto's role in terrorism financing crypto.news · Rony Roy
- Are Terrorists Using Crypto To Finance Their Activities? Disruption Banking · Harry Clynch
- US Treasury sanctions Gaza-based crypto operator allegedly tied to Hamas Cointelegraph · Turner Wright
- Chainalysis Highlights Flawed Analysis in Assessing Crypto's Role in Terror Financing Cryptonews · Jai Pratap
- U.S. Sen. Warren Leads Lawmakers to Push Administration on Crypto-Backed Terrorism CoinDesk · Jesse Hamilton
- Over 100 US Lawmakers Petition Biden To Combat Crypto-Funded Terrorism CryptoPotato · Andrew Throuvalas
- Meta's Ongoing Efforts Regarding the Israel-Hamas War Meta
- EU starts investigating Meta, TikTok over Hamas content Politico · Clothilde Goujard
- Facebook Takes Steps To Limit Unwanted Comments On Israel-Hamas Conflict Posts TickerTV News · Cheryl King
- Meta introduces temporary measures to limit some Facebook comments about Israel-Hamas war Proactiveinvestors NA
- Meta is temporarily changing Facebook comment settings amid Israel-Hamas war Engadget · Karissa Bell
- X Adds New Source Reference Requirement for Community Notes Social Media Today · Andrew Hutchinson
- X now requires a linked source for proposed community notes, as researchers say misinformation on X has reached new heights during the Israel-Hamas war Engadget · Karissa Bell
Discussion
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@iampaulgrewal
@iampaulgrewal
on x
It's disappointing that some would capitalize on a tragedy to scapegoat crypto while ignoring significant terror finance elsewhere. But no currency—whether fiat, gold, or crypto—should ever be used to support terrorism. Here's how we fight it at @coinbase. https://www.coinbase.co…
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@stevennerayoff
Steven Nerayoff
on x
Could @SenWarren be right crypto is used to fund terrorism? @SBF_FTX donated $39 million just to her party's midterm election. She may have a point but referring to her party in such derogatory terms is going too far. Some may be unpatriotic but come on terrorists? @JohnEDeaton1
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@repmikelevin
Rep. Mike Levin
on x
In the months leading up to Hamas' brutal attack against Israel, Hamas raised millions of dollars via crypto, evading U.S. sanctions. I joined over 100 of my colleagues in urging @POTUS to address and prevent crypto-financed terrorism. https://www.reuters.com/...
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@timobrien
Tim O'Brien
on x
Eighty-six members of Congress representing both Democrats and Republicans pressed the Biden administration for details on how it plans to prevent militant organizations from using crypto in the “financing of terrorism.” Read here: https://www.bloomberg.com/...
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@billhughesdc
@billhughesdc
on x
Glad to see @chainalysis correcting the record on crypto and terrorist financing in this blog post. The key points: 1) Terrorism financing is a very small portion of the already very small portion (0.24% of total volume in 2022) of cryptocurrency transaction volume that is...
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@pauly0x
Pauly
on x
Web3 = corporate terrorism 👎 Crypto 2.0 = freedom for all 👍
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@zerohedge
@zerohedge
on x
*BROWN, WARREN QUERY US PLAN TO CURB CRYPTO FINANCING TERRORISM Can't have those $2,000 crypto donations possibly overtaking the billions in cash paradrops [image]
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@sensherrodbrown
Sherrod Brown
on x
Hamas's terrorism is fueled by cryptocurrency. We need to crack down on illicit crypto and stop terrorists from moving money around, evading sanctions, and funding their acts of evil. We must curb this emerging threat & protect our national security. [image]
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@jconorgrogan
Conor
on x
The treasury department has sanctioned a Hamas-linked wallet as Politico reports that “Crypto's role in financing Hamas' activity has emerged as a hot issue for lawmakers” The sanctioned wallet has $16 in it and made its last transfer 18 months ago [image]
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@mdudas
Mike Dudas
on x
warren: “how do we prevent crypto-financed terrorism?” hamas: “please don't send us money via crypto - it's not effective; the israelis can freeze and seize it” [image]
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@neerajka
Neeraj K Agrawal
on x
Chainalysis explains why recent viral estimates of Hamas' crypto use are likely inflated. It looks those estimates assume *all* flows through services providers that process illicit transactions are illicit. That's probably not the case https://www.chainalysis.com/ ...
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@lex_node
@lex_node
on x
imo Warren and the Biden admin are desperately using crypto as a scapegoat to distract from the fact that the Biden admin authorized BILLIONS of dollars in “aid” etc that likely is the real source of funding for Hamas
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@valkenburgh
Peter Van Valkenburgh
on x
Sensational early reporting on the scale of Hamas crypto fundraising significantly misstated the amounts involved. In this important debunking Chainalysis shows how actual terrorist usage may be 1/2-of-1% of the previously reported numbers. [image]
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@chainalysis
@chainalysis
on x
In recent days following the horrific terrorist attack by Hamas in Israel, we have seen overstated metrics and flawed analyses of terrorist groups' use of cryptocurrency, and feel compelled to address some misconceptions. 🧵
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@senwarren
Elizabeth Warren
on x
Hamas raised millions via crypto in the months leading up to their attack on Israel. @RogerMarshallMD, @RepCasten and I are leading 100+ lawmakers urging the Biden admin to address crypto-financed terrorism. https://www.reuters.com/...
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@cmdoerfler
Chris Doerfler
on x
one of the patently false statements by Chainalysis. “The unique transparency inherent in blockchain technology makes cryptocurrency particularly traceable and thus less suitable for illicit activities, including financing terrorism.” https://www.chainalysis.com/ ...
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@jeffjohnroberts
Jeff Roberts
on x
This @chainalysis “Correcting the record” post feels like a direct response to that overblown WSJ report that crypto was a prime cause of the Hamas attack https://www.chainalysis.com/ ...
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@ddayen
David Dayen
on x
You may remember the Blockchain 8, who tried to stop SEC investigations into crypto. They've been quiet after reports that Hamas used crypto to fund itself. In fact, 2 of the Blockchain 8 signed onto @SenWarren's effort to stop crypto money laundering: https://prospect.org/... [i…
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@chainalysis
@chainalysis
on x
One such service is Buy Cash, a Gaza-based business that provides money transfer and virtual currency exchange services that was sanctioned by @USTreasury and OFAC today (we'll have more on Buy Cash later). https://home.treasury.gov/...
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@cengizyar
Cengiz
on threads
“this entire space is 90% grifters” https://www.404media.co/...
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@dangillmor@mastodon.social
Dan Gillmor
on mastodon
Open source intelligence (OSINT) has been one our most valuable sources of information, but the deadbird site is encouraging lying propagandists and disinformation specialists to poison the entire ecosystem. Whether Musk's goal is money or amplifying deceit, this is deliberate —…
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@jasonkoebler@mastodon.social
Jason Koebler
on mastodon
poorly vetted/opportunistic “OSINT” is spreading super widely by verified accounts on Twitter, incentivized by Musk's changes: “Frankly right now, the crowd drives what is ‘true’” — One expert told us: “today's problem is unprecedented” — https://www.404media.co/...
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@jburnmurdoch
John Burn-Murdoch
on x
Some quick thoughts on why large parts of the mainstream media keep slipping up on Gaza/Israel (and why it was the same at times with Covid): The main reason is a failure to keep pace with modern news gathering techniques, but there's more.
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@osinttechnical
@osinttechnical
on x
Honestly a bunch of people are going to have to come to terms with the fact that they fell victim to incredibly weak propaganda that was unintentionally refuted by the source in a convincing manner less than 12 hours later Oh who am I kidding there's absolutely no way they will
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@osinttechnical
@osinttechnical
on x
Update on the chapel at the Ahli Hospital in Gaza, the building lost several of its stained glass windows in the explosion, but otherwise appears to be intact. [video]
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@josephfcox
Joseph Cox
on x
New: verified Twitter ‘OSINT’ accounts are destroying the Israel-Palestine information ecosystem. What used to be a network of reliable experts has been taken over by profit and click driven verified accounts. Everyone loses out. “Unprecedented” levels https://www.404media.co/...…
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@colbybadhwar
Colby Badhwar
on x
The worst offender is OSINTdefender, whom many gullible politicians, staffers and journalists blindly follow and RT.