US says takes down militant groups' cryptocurrency fundraising effort

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The U.S. Justice Department on Thursday said it took down efforts by the military wing of Hamas, al Qaeda and Islamic State to raise funds via ...

Palestinian Hamas militants take part in an anti-Israel military show in the southern Gaza Strip on Nov 11, 2019. WASHINGTON: The US Justice Department on Thursday said it took down efforts by the military wing of Hamas, al Qaeda and Islamic State to raise funds via cryptocurrency through schemes that included selling bogus COVID-19 safety equipment to US hospitals.

The US Justice Department, Internal Revenue Service, Federal Bureau of Investigation and Homeland Security were all involved in investigations that took down the fundraising schemes.

 

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