How This DOJ Strike Force Hunts Down Cryptocurrency Criminals - Ep.195

Oct 20, 2020

Guest

Jessi Brooks

Guest

Zia Faruqui

In this fascinating discussion, Zia Faruqui, a magistrate judge with extensive experience in cryptocurrency prosecutions, and Jesse Brooks, a U.S. attorney focused on national security, delve into the complexities of crypto crime. They explore how terrorists like Al-Qaeda adapt fundraising strategies using dynamic addresses and social media. The duo shares insights on significant cases including the Lazarus Group's massive theft and the exploitation of crises like the COVID-19 pandemic for scams. Their collaborative approaches highlight the evolving landscape of crypto-related crimes and law enforcement's response.

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INSIGHT

Civil Forfeiture Explained

Civil forfeiture targets property involved in crimes, not individuals directly.
The government must prove the property’s link to crime, and owners can contest seizures if unaware of illicit use.

ANECDOTE

Hamas Bitcoin Donations

Al-Qassam Brigades, Hamas' military wing, solicited Bitcoin donations on Twitter, then moved to their websites.
They switched from static to dynamic Bitcoin addresses, supposedly to evade detection.

ANECDOTE

Al-Qaeda's Telegram Scheme

Al-Qaeda used Telegram channels disguised as charities to raise cryptocurrency for weapons and military gear.
Many channels masked their true purpose, potentially misleading donors.

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