Terrorist organizations such as al-Qaida and Islamic State have been leveraging sympathy for Gazans to enhance their fundraising efforts.
The price of Bitcoin is currently trading at around $38,900, a decrease of about 22% since January 11.
TECH TALK: By enhancing transparency, Xplorisk aims to prevent money laundering, uncover illegal trading activities, and minimize any illicit use of crypto for financing terrorist activities.
Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with terrorist groups.
Hamas uses a global financing network to funnel support from charities and friendly nations, including by using cryptocurrencies.
The Israel Advanced Technology Industries Association also reassures global clients and investors that Israeli hi-tech will continue to function throughout the ongoing conflict.
Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy. He has acknowledged inadequate risk management, but denied stealing funds.
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