Originally published on: December 17, 2024
A Virginia man, Mohammed Azharuddin Chhipa, has been found guilty by a federal jury for funneling cryptocurrency donations to the terrorist group ISIS. The United States Department of Justice revealed that Chhipa had transferred $185,000 in cryptocurrencies to ISIS members located in Syria over a three-year period.
Evidence presented in court showcased how Chhipa utilized various methods such as social media fundraising, electronic bank transfers, and in-person cash collections to gather funds. These funds were then converted into crypto and sent to Turkey, where they were smuggled to ISIS affiliates in Syria.
Chhipa’s accomplice, a British-born ISIS member residing in Syria, was identified as playing a significant role in coordinating fundraising activities. Together, they worked on financing prison escapes and terrorist activities.
Following his conviction on multiple charges related to providing material support to a designated foreign terrorist organization, Chhipa faces a potential 100-year prison sentence. However, the actual duration will be determined at his sentencing hearing on May 5, 2025.
In another related crypto crime case, the DOJ has cracked down on Maximiliano Pilipis, the operator of the AurumXchange crypto exchange. Pilipis was charged with money laundering funds connected to the darknet marketplace, Silk Road, highlighting the ongoing battle against illicit activities in the crypto space.
For more insights on the intersection of cryptocurrencies and criminal activities, consider subscribing to our Markets Outlook newsletter. Stay informed about potential investment opportunities, risks, and trading strategies by subscribing today.