"According to Joshua Fisher-Birch, who is an analyst at the Counter Extremism Project, crypto is extremists' preferred method of crowdfunding as any group can easily post a link to a wallet that can serve as a central destination where supporters around the world can channel funds. And while Bitcoin and Ethereum are among the most popular cryptocurrencies for mainstream investors, one of terrorist groups favorite cryptocurrencies is called Monero, due to its "untraceability.""

"“Different entities have previously requested cryptocurrency donations to allegedly pay for equipment, the costs of making and spreading physical propaganda, web hosting, travel, legal, and prisoner support,” said Joshua Fisher-Birch, an analyst at the Counter Extremism Project. “Crypto is attractive to the extreme right because it is easy to create a wallet and solicit donations online.”

He said while the anonymity of crypto was an obvious plus, extremists who use it are interested in not being deplatformed by mainstream crowdfunding sites, which is why Monero, a Bitcoin alternative with a higher degree of untraceability, has become a darling of cybercriminals and terror groups alike.

“Monero has also become popular with pro-Islamic State and IS-linked propagandists, who have asked for Monero donations and have posted advice on how to purchase it,” he added."

"Counter Extremism Project analyst Joshua Fisher-Birch told the Guardian, 'Nazzaro has claimed that he has supported the accelerationist movement with over $10,000 through his "personal stash of crypto."'"

"A Manhattan jury convicted Jacobs of three felony counts of providing support for an act of terrorism, as well as conspiracy, money laundering and criminal possession of a weapon. The NGO Counter Extremism Project lists Victoria Jacobs, aka Bakhrom Talipov, as an "extremist leader," and it says she may have been providing information to terrorists since 2018."

"Although the U.S. and the European Union have designated Hamas as a terrorist organization, 'they’re not effectively cut off from the international financial system,' said Hans-Jakob Schindler, senior director of the Counter Extremism Project. 'They actually are able to invest funds in companies and in real estate.'
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Cryptocurrencies have helped the group invest its money while bypassing international financial sanctions according to a report by the Counter Extremism Project."