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They reveal that Elon Musk’s favorite cryptocurrency was used by terrorists

They reveal that Elon Musk’s favorite cryptocurrency was used by terrorists

The terrorists are also becoming more fond of Dogecoin. Despite the fact that financial transactions are much smaller, a “growing adoption” of the use of cryptocurrency to finance these activities was observed. In July of last year, an Israeli government office identified several Hamas-linked crypto addresses, some of which contained more than $40,000 in DOGE.

Elliptic also points out a “small and growing number” of child porn providers that accept cryptocurrency as a form of payment. Although the amount received in the asset is around $3,000, this has prompted another warning about the use of the token.

Finally, it was detected that the cryptocurrency was related to “extremist groups”. When they are boycotted or cannot be financed with traditional means of payment, they resort to the use of cryptocurrencies, with the meme cryptocurrency being one of the most requested.

This report joins the recent complaint received by the cryptocurrency and Elon Musk himself for scams. An investor has filed a $258 billion lawsuit against the billionaire and his companies.

Keith Johnson, who claimed he lost money after investing in Dogecoin, described himself as a “US citizen who got scammed” by what he called a “Dogecoin crypto pyramid scheme.” Johnson requests that his complaint, filed in a New York court, be classified as a class action lawsuit on behalf of those who have suffered losses by investing in Dogecoin since 2019. Despite these two pieces of news, it does not yet seem to have an impact on the price.

Source: Ambito

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