Long-Awaited Bitcoin Accounting Rules to Capture Rises, Dips (2)
Sep 7, 2023
Today, the Al-Qassam Brigades (AQB) announced the shutdown of their longstanding cryptocurrency donation program. We’ve previously analyzed some of AQB’s cryptocurrency donation campaigns, finding that the group has raised tens of thousands of dollars’ worth of cryptocurrency through these efforts. Today, however, AQB’s official website displayed a new message announcing the end of its crypto donation efforts, citing successful government efforts to identify and prosecute donors. AQB’s cryptocurrency donation campaigns specifically have been the target of multiple successful law enforcement efforts. In August 2020, for instance, U.S. authorities seized more than $1 million worth of cryptocurrency associated with AQB donations from an unlicensed cryptocurrency business in Gaza.
