According to former top U.S. intelligence officials, the first known NFT created and distributed by a terrorist sympathizer was a basic digital token applauding Islamist militants for an assault on a Taliban position in Afghanistan last month.
They claimed it was a hint that the Islamic State and other terrorist organizations may be getting ready to evade Western efforts to shut down their internet fundraising and messaging by using emerging financial technology.
The NFT features the logo of the Islamic State and is named “IS-NEWS #01” on at least one NFT trading website. According to the former authorities, it was developed by a group supporter and probably served as an experiment to try a new ISIS fundraising and recruitment strategy. Regulators and national security officials are concerned that terrorists may use new financial technologies and marketplaces, such as NFTs, for their personal goals.
A recent article by the Wall Street Journal reveals that the former economic and counterterrorism analyst at the Central Intelligence Agency, Yaya Fanusie stated that “it was only a matter of time.”
The Justice Department and other law-enforcement agencies would find it extremely difficult to remove IS-NEWS #01 from the internet due to its existence on the blockchain, which is distributed across innumerable systems linked to the internet, unlike, say, an article that resides on a conventional website that is hosted by a host.
According to Mario Cosby, a former federal intelligence specialist who specializes in blockchain currencies, “it’s as censorship-proof as you can get.” The NFT cannot really be removed, according to Mr. Cosby, who is currently working for blockchain analytics company TRM Labs.
The technology doesn’t allow for explosive replication throughout the internet that causes tweets or videos to go viral because many social media platforms remove links to offending NFTs. However, the number of people who access the NFT blockchain details increases as more information is disclosed.
This happened the same month when Afghanistan banned crypto activities in the region, as TheCoinRise reported. Moreover, the country also closed down over 16 crypto trading platforms soon after the crackdown.
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