GhostSec, which is a off-shoot of the online hacktivist collective has said that the ISIS regularly uses cryptocurrencies to fund its operations. DW (Deutsche Welle) previously reported that the Islamic State is experimenting with currency, specifically gold and bitcoin. One bitcoin wallet received around $23 million in a month; anti-ISIS hackers from GhostSec followed a chain of transactions to another wallet with over $3 million in bitcoins. Ghost Security Group confirmed to NewsBTC that ISIS is “extensively using bitcoin for funding their operations” and that the group has “managed to uncover several bitcoin addresses used by them.” Furthermore, bitcoin is “their prime form of cryptocurrency.” No evidence was given, such as the bitcoin wallet address, as the hackers “cannot go into more detail at the moment on current investigations.” Use of bitcoins suits the ISIS affiliates as it offers some degree of security and anonymity to its transactions., and integrity to digital transactions. In this case, as regards ISIS/ISIL, it appears we have GhostSec, who in some ways have done more to disable to the neo-Caliphate organization than has the US Government or will the French with their bombs and guns. Getting to the heart of any militant organization’s financing is absolutely the best way to slow them down. Anonymous has already called for a global war on the online activities of ISIS with #OpParis after the gruesome terrorist act in Paris on Friday which claimed 130 innocent lives. They have already managed to identify and shutdown 5500 Twitter accounts earlier yesterday.
