Although cryptocurrency is still a relatively new innovation in the financial industry, its use is growing among Jihadist groups in the Middle East. A recent report by the JITM (MEMRI Jihad and Terrorism Threat Monitor) shows that funding terrorism with cryptocurrencies is on the rise. Crypto and Terror-Financing The long report prepared by JITM was
Carbon Black, the cybersecurity company’s new research has revealed that around $1.1 billion in cryptocurrency has been stolen in the first five months of 2018. The study further states that there are now an estimated 12,000 marketplaces and 34,000 offerings related to crypto theft for hackers to choose from making it fairly easy for hackers.