Canada markets closed
  • S&P/TSX

    20,490.36
    -111.74 (-0.54%)
     
  • S&P 500

    4,432.99
    -40.76 (-0.91%)
     
  • DOW

    34,584.88
    -166.44 (-0.48%)
     
  • CAD/USD

    0.7832
    -0.0054 (-0.69%)
     
  • CRUDE OIL

    71.96
    -0.65 (-0.90%)
     
  • BTC-CAD

    61,044.03
    -627.25 (-1.02%)
     
  • CMC Crypto 200

    1,193.48
    -32.05 (-2.62%)
     
  • GOLD FUTURES

    1,753.90
    -2.80 (-0.16%)
     
  • RUSSELL 2000

    2,236.87
    +3.96 (+0.18%)
     
  • 10-Yr Bond

    1.3700
    +0.0390 (+2.93%)
     
  • NASDAQ

    15,043.97
    -137.96 (-0.91%)
     
  • VOLATILITY

    20.81
    +2.12 (+11.34%)
     
  • FTSE

    6,963.64
    -63.84 (-0.91%)
     
  • NIKKEI 225

    30,500.05
    +176.71 (+0.58%)
     
  • CAD/EUR

    0.6677
    -0.0021 (-0.31%)
     

US Sanctions Bitcoin Address Belonging to Suspected Syria-Based Terrorist Fundraiser

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

U.S. regulators have sanctioned a bitcoin address belonging to a suspected fundraiser for a Syrian militant group. 

Farrukh Furkatovitch Fayzimatov, 26, a citizen of Tajikistan, has been designated a terrorist fundraiser and recruiter by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). 

Fayzimatov uses social media to recruit members, disseminate propaganda and solicit donations for Hay’et Tahrir Al-Sham (HTS), a militant group involved in the Syrian civil war. according to a Treasury Department press release. Fayzimatov reportedly organized community fundraising campaigns to purchase equipment for HTS, including motorbikes.

Related: Presidential Advisory Group Promises Stablecoin Recommendations

The first time the Treasury Department added crypto addresses to its list of sanctioned individuals was in 2018, and since then, doing so has become a routine part of OFAC’s designations of international drug dealers, Russian and North Korean hackers and terrorist fundraisers. 

The wallet belonging to Fayzimatov has made 24 transactions on the bitcoin blockchain. The wallet, which is now empty, received and sent about 0.25 BTC in total. 

Related Stories

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting