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Unchained

How Much Money Are Terrorists Actually Raising in Crypto? - Ep. 570

Nov 14, 2023
Yaya Fanusie, an expert in terrorist financing, Jessi Brooks, a former U.S. attorney specializing in national security, and Andrew Fierman, a sanctions strategist, dive deep into the contentious claim that Hamas raised $130 million in cryptocurrency. They dissect the importance of accurate data and the political ramifications of such figures. The trio examines the challenges of regulating crypto to prevent its misuse, while exploring the evolving tactics of terrorist organizations in fundraising. They also discuss the complex role of stablecoins like Tether in this dynamic.
01:11:28

Podcast summary created with Snipd AI

Quick takeaways

  • Inaccurate and misleading media reports on crypto funding for terrorist organizations highlight the importance of facts and accurate reporting.
  • Assessing terrorist financing through crypto is a complex task, requiring collaboration between industry, regulators, and law enforcement.

Deep dives

Misinterpretation of Crypto Funds' Freeze

The podcast episode discussed a misinterpretation of how the Israeli government froze funds related to crypto and its implications for industry and regulators. Tether and other stablecoins have smart contracts that allow freezing of funds to prevent them from reaching bad actors. This technology presents an opportunity for automated compliance tools or smart contracts to stop illicit crypto transfers. The focus on cybersecurity, information sharing, and new compliance tools are crucial in addressing terrorist financing and the involvement of sophisticated actors like North Korea.

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