Categories: MarketsMenafn

Woman Convicted for Bitcoin-Funded Syrian Terrorism

Victoria Jacobs, also known as Bakhrom Talipov, has been sentenced to 18 years in prison by a New York State Supreme Court jury.

The Manhattan District Attorney’s office confirmed, through a press release, that Jacobs was convicted on multiple charges, including Soliciting or Providing Support for an Act of Terrorism, Money Laundering, and Criminal Possession of a Weapon. She was found to have played a critical role in raising and laundering thousands of dollars for Syrian terrorist groups from her Manhattan apartment.

Details of the Crypto-Financed Terrorism

Between September 2018 and June 2019, Jacobs sent over $6,000 to Malhama Tactical, a group that provides military training to Hay’at Tahrir al-Sham, a Syria-based terrorist organization. Jacobs laundered more than $12,000 on behalf of Malhama Tactical through Bitcoin, Western Union, and MoneyGram wire transfers. The funds were collected globally and channeled into Bitcoin wallets controlled by Malhama Tactical, exploiting the anonymity of cryptocurrency to facilitate transactions.

Global Regulatory Response to Cryptocurrency Misuse

The increasing use of cryptocurrency in funding illegal activities such as terrorism financing has highlighted the need for more stringent regulatory measures worldwide. Some countries, like the United Kingdom, have recently passed legislation that increases the authority of local agencies to seize assets linked to criminal activities, including those hidden behind cryptocurrencies. These measures aim to address the challenges posed by the decentralized nature of digital currencies, which can often shield criminals from quick detection and intervention by law enforcement.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Chummy Tees Review Rising Trends in the Funny T-Shirt Industry

Sonora, California, 30th March 2025, ZEX PR WIRE, As humor continues to shape popular culture,…

8 minutes ago

UBX Powers UBC’s 15x Surge: AI and DePIN Innovation Reshaping Crypto Investments

Singapore, 30th March 2025, ZEX PR WIRE, Recently, the native token UBC issued by the…

8 minutes ago

Tether Eyes U.S. Stablecoin Launch Amid Regulatory Tailwinds

Tether is weighing a crucial entry into the U.S. domestic stablecoin market as CEO Paolo…

2 days ago

Ripple Partners with Chipper Cash to Expand Crypto-Powered Payments in Africa

Ripple has joined forces with African payments firm Chipper Cash to bolster crypto-enabled cross-border payments,…

3 days ago

HyperLiquid Delists JELLY After $13M Vault Manipulation Blowout

HyperLiquid, a decentralized exchange (DEX), has delisted the JELLY token following a high-stakes trading exploit…

3 days ago

GameStop Adds Bitcoin to Balance Sheet: Details

GameStop has officially joined the growing list of public companies adopting Bitcoin (BTC) as a…

4 days ago