No, Isis Is Not Using Bitcoin To Hide $300 Million

Reports surfaced this past week that the international terrorist syndicate ISIS is holding a multi million dollar war chest in Bitcoin. The articles took their verbal cues from statements made by Hans-Jakob Schindler, director of the Counter Extremism Project, when he pondered if part of $300 million in ISIS’s unaccounted funds were hidden in cryptocurrency.


The image of the world’s most infamous terror cell stashing away $300 million in cyberspace (and using Bitcoin,...