US Sanctions a Bitcoin Address Belonging to Suspected Syria-Based Terrorist Fundraiser
U.S. regulators have sanctioned the bitcoin address belonging to a suspected fundraiser for a Syrian militant group.
Twenty-six-year-old Farrukh Furkatovitch Fayzimatov, 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).
According to a Treasury Department press release, 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. Fayatzimotov reportedly organized community fundraising campaigns to purchase equipment for HTS, including motorbikes.
The first time the Treasury Department added crypto addresses to its individual sanctions list 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 transacted 24 times on the bitcoin blockchain. The wallet, which is currently empty, received and sent approximately .25 BTC in total.Source