NFT: why is the Islamic State (ISIS) interested in non-fungible tokens?

Daesh and NFT, the funny mix ? Although the current cryptocurrency bear market has put a damper on the phenomenon of non-fungible tokens (NFT), the latter are still very popular. For instance, FIFA will offer NFTs for the next FIFA World Cup. Much more unexpected, it would seem that members or sympathizers of theIslamic State are lovers of these tokens, made digitally unique thanks to blockchains.

The Islamic State terrorist organization spreads its hatred through NFT

This is very curious news that we reports the Wall Street Journal. In a publication published on September 4, 2022, we learn that supporters of theIslamic State (ISIS) allegedly minted and sold non-fungible tokens.

Thus, an NFT titled “IS-NEWS #01”, with the emblem of the terrorist organization, would have been spotted. The latter would glorify a offensive of members of ISIS against a position of the taliban in Afghanistan. The two Islamist currents are in conflict in this region.

According Yaya Fanusiea former counterterrorism member of the Central Intelligence Agency (CIA), “It was only a matter of time” before ISIS exploited these new financial technologies. The goal is to disseminate its propaganda messages and finance its criminal activities.

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First tests before an attempt at wider use?

Indeed, supporters of Daesh have unfortunately understood resistance to censorship offered by decentralized blockchain networks. Because unlike online sites hosted via serversit is impossible to drop a distributed computer network. They are distributed all around the planet (the nodes of a blockchain).

“It’s the most censorship-resistant possible. (…) There is no real way to bring down this NFT. »

Mario Cosby, former US federal intelligence analyst

And indeed, some analysts quoted by the WSJ believe that these first NFTs are a kind of testto see if it is possible to get around anti-terrorism surveillance authorities. Especially for raise funds.

Likewise, the question of whether the market places by NFT will delete (or not) this type of content arises, to know if these first tests are likely to pass on a larger scale.

One of the NFT exchanges where this token has featured, in this case OpenSeathus removed ad from his website and closed the account of the author of the ad. The site invoked “zero tolerance for ads that incite hatred and violence”.

If it is virtually impossible to remove this kind of NFT from blockchains, it is however possible to followand of trace transactions which relate to them. This NFT was, indeed, discovered and tracked very quickly. Anti-terrorism and anti-money laundering supervisory authorities, on the other hand, are concerned about anonymization services blockchain transactions. We thus understand better than the lightning of the US Treasury fell on Tornado Cash.

Use your judgment before falling for an NFT. Register without delay on the FTX reference crypto exchange platform. In addition, you benefit from a lifetime reduction on your trading fees (commercial link, see conditions on official website).

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NFT: why is the Islamic State (ISIS) interested in non-fungible tokens?


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