In early October 2023, the Islamic State (ISIS) released several posters soliciting donations of virtual currency to fund its activities. MEMRI JTTM, in collaboration with the MEMRI Cyber & Jihad Lab (CJL), has been monitoring the growing use of cryptocurrencies by jihadists for years, and is investigating how terrorist organizations such as ISIS are adopting cryptocurrencies as a means of financing. We have documented what is happening.
The following report supplements existing research and documents ISIS' continued use of cryptocurrencies for funding.
Islamic State's Khurasan province solicits donations of Monero virtual currency: “Please donate to use your wealth to carry out jihad”
On October 2, 2023, media supporting the Islamic State Khurasan Province (ISKP) posted a poster soliciting donations of virtual currency. A poster depicting an armed jihadist asks supporters to “use your wealth to contribute to the waging of jihad” and quotes part of Quran 61:10-11, which reads: It's dark. If you know, it's best for you. ”
There was also a QR code posted for those wishing to donate. “Please donate in the secure cryptocurrency Monero (XMR) to use your wealth to wage jihad and fund those who are risking their lives to fight the same jihad,” the poster reads. was.
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