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SIA Uncovers Bitcoin-Based Terror Financing Network in Jammu and Kashmir

JAMMU, July 8: The State Investigating Agency (SIA) has uncovered a man involved in funding terrorist organizations through Bitcoin trade to fuel mass violence and terrorist activities in Jammu and Kashmir, officials announced on Monday. The SIA has issued a public request for assistance in identifying the individual behind this terror financing scheme. An SIA […]

JAMMU, July 8: The State Investigating Agency (SIA) has uncovered a man involved in funding terrorist organizations through Bitcoin trade to fuel mass violence and terrorist activities in Jammu and Kashmir, officials announced on Monday.

The SIA has issued a public request for assistance in identifying the individual behind this terror financing scheme. An SIA officer revealed that the investigation discovered the man routing money via Bitcoin trade to the conduits of terrorist organizations to incite violence and terrorist acts.

A case was registered with the SIA in 2022 concerning terror financing in the Kashmir Valley. The SIA has now released a public notice, including a photograph of the accused, seeking public assistance in identifying him. The public is urged to provide any information that may aid in identifying the accused, with assurances that all information provided will be kept confidential.

“Any information leading to the identification and arrest of the accused will be suitably rewarded,” the official added.

The SIA is currently investigating several terror financing cases in Jammu and Kashmir. In August 2022, the agency conducted raids at multiple locations within the union territory as part of their investigation into the use of Bitcoin for funding terror activities.

Officials noted that a Pakistani mastermind has been funneling illicit funds to his agents in Jammu and Kashmir to perpetuate mass violence and terrorist activities.

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Bitcoin-Based Terror FinancingJammu and KashmirSIATDGThe Daily Guardian