BPOI Banner
Teen Helps Al Qaeda Raise Funds in Crypto, Faces Limited Playstation Use Teen Helps Al Qaeda Raise Funds in Crypto, Faces Limited Playstation Use

Teen Helps Al Qaeda Raise Funds in Crypto, Faces Limited Playstation Use

A 16-year-old from East London, accused of raising crypto and offering cyber expertise to Al Qaeda, has been granted bail with restricted digital access, allowing him to use his PlayStation offline only.

Prosecutors allege the teen, who cannot be named for legal reasons, attempted to raise approximately $1,300 in crypto for extremist groups, including Al Qaeda and the Pakistani Taliban, according to a Wednesday report by The Standard.

Appearing at Westminster Magistrates’ Court, the teenager pleaded not guilty to five charges, including fundraising for terrorism, providing training, and possessing documents of a nature useful for terror-related purposes.

Under his bail conditions, the boy must adhere to a night-time curfew, avoid social media, and restrict laptop use to educational purposes only. 

However, he retains limited use of his PlayStation console, with conditions prohibiting online multiplayer or any interactive gaming platforms.

The case against the teen is set to proceed to the Old Bailey, the UK’s central criminal court, for a hearing on November 2.

Although crypto use by terrorist organizations constitutes a relatively small portion of illicit transactions within the industry, it remains a significant concern for regulators globally.

Criminal activity involving crypto spans from money laundering and ransomware to fraud, yet transactions linked to terrorism make up a fraction of these activities, according to blockchain analytics firm Chainalysis.

Even still, the transparent nature of blockchain technology enables law enforcement to track and trace illicit activities more effectively than with traditional financial channels, as every transaction is recorded on a public ledger. 

That transparency helps authorities monitor the flow of funds and identify suspicious patterns, making it easier to disrupt criminal networks leveraging digital assets, according to a former CIA director.

Last year, Israel seized around 40 cryptocurrency wallets tied to the Quds Force of Iran’s Islamic Revolutionary Guard Corps (IRGC) and Hezbollah, the Lebanon-based militant organization.

It marked the “first incident of this magnitude” carried out by Israel at the time.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

Sebastian Sinclair

https://decrypt.co/289287/teen-helps-al-qaeda-raise-funds-in-crypto-faces-limited-playstation-use

2024-10-31 06:59:38

bitcoin
Bitcoin (BTC) $ 69,517.63 1.94%
ethereum
Ethereum (ETH) $ 2,485.14 3.01%
tether
Tether (USDT) $ 0.99945 0.14%
bnb
BNB (BNB) $ 567.99 2.78%
solana
Solana (SOL) $ 165.05 4.14%
usd-coin
USDC (USDC) $ 0.99986 0.22%
xrp
XRP (XRP) $ 0.510624 1.96%
staked-ether
Lido Staked Ether (STETH) $ 2,482.29 2.99%
dogecoin
Dogecoin (DOGE) $ 0.157432 5.53%
tron
TRON (TRX) $ 0.166575 0.95%
cardano
Cardano (ADA) $ 0.353343 1.01%
the-open-network
Toncoin (TON) $ 4.90 0.68%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,949.94 2.30%
shiba-inu
Shiba Inu (SHIB) $ 0.000017 2.48%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 69,546.63 1.70%
avalanche-2
Avalanche (AVAX) $ 24.24 5.15%
weth
WETH (WETH) $ 2,486.79 3.02%
chainlink
Chainlink (LINK) $ 11.13 3.08%
bitcoin-cash
Bitcoin Cash (BCH) $ 344.71 3.52%
usds
USDS (USDS) $ 0.999542 0.22%
leo-token
LEO Token (LEO) $ 6.08 0.74%
polkadot
Polkadot (DOT) $ 3.85 2.53%
sui
Sui (SUI) $ 1.92 7.16%
litecoin
Litecoin (LTC) $ 70.06 0.69%
near
NEAR Protocol (NEAR) $ 3.88 4.76%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,613.64 2.81%
aptos
Aptos (APT) $ 8.63 6.29%
uniswap
Uniswap (UNI) $ 7.35 7.43%
pepe
Pepe (PEPE) $ 0.000009 6.07%
internet-computer
Internet Computer (ICP) $ 7.74 2.89%
dai
Dai (DAI) $ 0.999987 0.15%
bittensor
Bittensor (TAO) $ 444.04 6.67%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.19 7.78%
monero
Monero (XMR) $ 154.88 3.08%
kaspa
Kaspa (KAS) $ 0.112908 5.42%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.08%
stellar
Stellar (XLM) $ 0.09186 2.11%
whitebit
WhiteBIT Coin (WBT) $ 18.95 0.43%
ethereum-classic
Ethereum Classic (ETC) $ 18.12 3.44%
first-digital-usd
First Digital USD (FDUSD) $ 0.99917 0.24%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.314616 2.76%
blockstack
Stacks (STX) $ 1.59 2.54%
okb
OKB (OKB) $ 37.99 1.39%
dogwifcoin
dogwifhat (WIF) $ 2.16 9.41%
aave
Aave (AAVE) $ 139.39 4.45%
filecoin
Filecoin (FIL) $ 3.43 3.44%
arbitrum
Arbitrum (ARB) $ 0.512115 5.43%
crypto-com-chain
Cronos (CRO) $ 0.072647 2.02%
mantle
Mantle (MNT) $ 0.572635 2.84%
thorchain
THORChain (RUNE) $ 5.52 4.63%