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US seizes digital currency accounts used by militant groups

Associated Press

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The Justice Department has seized millions of dollars from cryptocurrency accounts used by militant organizations based abroad, including the Islamic State group and alQaida, officials announced Thursday.

WASHINGTON The Justice Department has seized millions of dollars from cryptocurrency accounts used by militant organizations based abroad, including the Islamic State group and al-Qaida, officials announced Thursday.

Officials described it as the largest-ever seizure of digital currency funds related to terrorism.

The department said it has seized millions of dollars, more than 300 cryptocurrency accounts and four websites. Officials saidthe accounts were being used to raise money for the groups’ operations.

The seizure also involved the military wing of Hamas.

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(This story has not been edited by News18 staff and is published from a syndicated news agency feed - Associated Press)
first published:August 13, 2020, 20:51 IST
last updated:August 13, 2020, 20:51 IST