rewrite this content using a minimum of 1000 words and keep HTML tags
On May 8, the US Department of Justice sentenced a man from Virginia to more than 30 years in prison for sending cryptocurrency to members of the Islamic State of Iraq and Syria (ISIS).
Mohammed Azharuddin Chhipa was found guilty in December 2023 and received his sentence on May 7. Judge David Novak sentenced him to 30 years and 4 months behind bars.
Between October 2019 and October 2022, Chhipa raised over $185,000 and sent it to women linked to the Islamic State in Syria. These funds helped them escape detention camps and continued to support the group’s activities.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
Is Decentralized Anonymous Blockchain a Myth? (Explained!)
Prosecutors said he used social media to ask for money and sometimes traveled long distances to collect it in person. After receiving donations, he converted the money into cryptocurrency and sent it to people in Turkey. From there, the funds were smuggled into Syria to reach Islamic State members.
A federal jury found Chhipa guilty on five charges—one for conspiracy to support a terrorist group and four for sending or attempting to send that support.
Attorney General Pamela Bondi said:
This defendant directly financed ISIS in its efforts to commit vile terrorist atrocities against innocent citizens in America and abroad.
She added that the prison term was meant to show that anyone who finances terrorism will face serious legal consequences, including decades in prison.
Meanwhile, on May 5, the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against the Karen National Army (KNA), a militia group based in Myanmar. What were the allegations? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
