By Canadian Press

US seizes digital currency accounts used by militant groups

Aug 13, 2020 | 10:01 AM

WASHINGTON — The Justice Department has seized millions of dollars from cryptocurrency accounts that militant organization abroad, including al-Qaida and the Islamic State group, relied on to raise money for their operations, officials announced Thursday.

The Trump administration said the groups used the accounts to solicit donations for their causes, including through a bogus scam that officials say purported to sell protective gear for the coronavirus pandemic.

Officials described it as the largest-ever seizure of digital currency funds related to terrorism.

The action, including a forfeiture complaint filed in Washington’s federal court, is meant to deprive the organizations of fund needed to buy weapons and train fighters.

The department said it has seized millions of dollars, more than 300 cryptocurrency accounts and four websites. The money seized is expected to be given to a fund for victims of terrorist attacks.

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The seizure also involved the military wing of Hamas.

“Without funding, you cannot have these operations conducted,” said Michael Sherwin, the acting U.S. attorney for the District of Columbia. “The focus here was a very proactive effort to target these organizations in a very wide-scale manner.”

Eric Tucker, The Associated Press