Terrorist Crowdfunding

Like everything else, crowdfunding has a dark side.

Terrorists use a platform found on Tor (the dark web) to raise money for weapons, pickup trucks, gun accessories like silencers and even paying for your favorite mujahideen to go to combat training camp.


The platform, SadaqaCoins, uses (supposedly untraceable) cryptocurrencies to support the fundraiser’s jihad.

It suggests that you can donate by either “advertising to others, buying cryptocurrency to donate, mining crypto for donations, or a fourth method, “hustling” in which the site encourages readers to hack or coerce cryptocurrency from non-Muslims.”

If you want to catch these guys, you must follow the #crypto.



About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in balance, Banking, Banks, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, Jobs, Legislative Intent, technology and tagged , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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