DEC 8, 2020: a foreign account made a simultaneous transfer of 28.15 bitcoins — worth $500,000+ at the time — to 22 different virtual wallets, most belonging to prominent right-wing orgs & personalities

“I’d be stunned if both nation-state adversaries & terrorist orgs weren’t figuring out how to funnel money to these guys..Many of them use fundraising sites..that are virtually unmonitored & unmonitorable. If they weren’t doing it, they’d be incompetent.” fmr FBI official
cryptocurrency researchers believe they know who made the transfer, and suspect it was intended to bolster those far-right causes.
While the motivation is difficult to prove, the transfer came just a month before the violent riot in the Capitol, which took place after Trump invited supporters to “walk down Pennsylvania Avenue” and “take back our country.”
Right-wing figures and websites, including VDARE, the Daily Stormer and Nick Fuentes, received generous donations from a bitcoin account linked to a French cryptocurrency exchange, according to research done by software company Chainalysis
Chainalysis relied on openly available information, or public bitcoin transactions, to investigate & map out the big transaction.

Original donor was registered on NameID, (allows bitcoin users to tie their online pseudonym or email address with their bitcoin profile)
Investigators tracked that email address to a blog and several cryptocurrency forum posts going back to 2013.
Chainalysis researchers discovered a blog post from the bitcoin user that reads like an apparent suicide note, bequeathing his money to “certain causes and people” in light of what he describes as “the decline of Western civilization,”

[“Western” is WS code for “White”]
According to their research, Nick Fuentes, a popular right-wing commentator, received the largest chunk of funding on Dec. 8 — about $250,000 in bitcoin.

The Daily Stormer and the anti-immigration website VDARE were among the other recipients.
Daily Stormer website openly requests cryptocurrency donations, but includes a disclaimer that says it is “opposed to violence” and that “anyone suggesting or promoting violence in the comments section will be immediately banned.”
[This is a common CYA tactic]
“While there’s no evidence that Fuentes directly participated in the Capitol riot, something he has so far denied, the financial resources of prominent right-wing actors are of growing interest to law enforcement.”
According to one source ...the suspicious Dec. 8 transaction, along with a number of other pieces of intel, prompted LE & intel agencies to actively investigate sources of funding for ppl who participated in the Capitol insurrection & their networks.

Oopsies

More from Finance

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Share for the benefit of everyone.

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