ISIS and Al Shabaab are utilizing cryptocurrencies like Tether for fundraising and financial transactions in Africa. Al Shabaab financiers are on a US list, with the group retaking a key town in Somalia. The US has sanctioned Al Shabaab fundraisers and money launderers in Africa, UAE, and Cyprus. ISIS, particularly its Somalia branch, is increasingly using crypto to fund militant activities in Africa.
US sanctions Kenyan bus firm, 15 others over $100m Al Shabaab funding #terrorism https://t.co/G0DWhwrRsW
Shabaab retakes territory as the U.S. sanctions one of its money laundering networks - https://t.co/UAmv3xZyjX https://t.co/i9e1LPos3Z
Islamic State Is Increasingly Using Crypto to Fund Africa Militant Goals https://t.co/MIDXnQiKJa
#AlShabaab retakes strategic town in central #Somalia https://t.co/VdX1kQgH3P
Islamic State Is Increasingly Using Crypto, Like Tether, to Fund Africa Activity https://t.co/Y0OhsZR2v7
I've seen this article boosted across X and other channels, asking everyone to wring their hands about ISIS increasing their use of crypto, particularly the centralized @Tether_to stablecoin. So we are all clear on the reporting here, this story is based off of a "Fact Sheet"… https://t.co/z4Nn0y2509
ISIS Increasingly Using Crypto to Fund Africa Militant Goals: Somalia branch has become a primary source of revenue #terrorism https://t.co/vkjarpVts4
US sanctions Al Shabaab fundraisers, money launderers in Horn of Africa, UAE and Cyprus #terrorism https://t.co/2qGnyX25zq
Al Shabaab retakes key town in central Somalia #terrorism https://t.co/BlUf32Ov02
Several Kenyan individuals and companies on US list of Al Shabaab financiers #terrorism https://t.co/3Vatks3JgH
The terrorist group ISIS is leveraging stablecoins such as Tether for fundraising and global financial transactions, including operations in Africa https://t.co/PoS7MzqOc5