A U.S. court has handed down a 30-year prison sentence to Mohammed Azharuddin Chhipa, who was found guilty of financing terrorism through cryptocurrency.
Federal prosecutors say Chhipa raised funds both online and in person before converting the money into digital assets and sending it overseas.
Between 2019 and 2022, he funneled more than $185,000 into crypto wallets linked to operatives in Turkey, with the funds ultimately used by ISIS affiliates in Syria. The money reportedly supported operations including prison breaks and logistical support for militant activities.
The jury convicted Chhipa on multiple counts, including conspiring to support a foreign terrorist group. Authorities described his actions as critical to sustaining terror networks, equating financiers with those who carry out attacks.
The case highlights renewed concerns over the misuse of digital assets in international crime. While lawmakers continue to press for tighter controls—especially those critical of crypto’s role in illicit finance—industry data from Chainalysis suggests that illegal activity accounts for under 1% of total crypto transactions.
The U.S. Department of Justice has sentenced Dwayne Golden, 57, of Pennsylvania to 97 months in prison for orchestrating a fraudulent crypto investment scheme that stole over $40 million from investors.
The first half of 2025 has become the most damaging six-month period in crypto history, with over $2.1 billion stolen across 75+ separate incidents, according to new data.
A new breed of cyber-attack is sweeping through crypto media, exploiting site pop-ups and wallet-connect prompts instead of smart-contract bugs.
CoinMarketCap, one of the most widely used crypto data tracking platforms, is reportedly facing a front-end security breach, with multiple users encountering a suspicious prompt to verify their wallets.