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Large bitcoin payment made to far-right individuals before US Capitol attack - report

"We have also gathered evidence that strongly suggests the donor was a now-deceased computer programmer based in France," Chainalysis said in the report. Nick Fuentes, who was permanently suspended from YouTube last year for hate speech, received 13.5 bitcoins, worth about $250,000 at the time of the transfer, making him by far the biggest beneficiary of the donation, according to the blog post.

Reuters | Washington DC | Updated: 15-01-2021 01:25 IST | Created: 15-01-2021 01:22 IST
Large bitcoin payment made to far-right individuals before US Capitol attack - report
Representative image Image Credit: Pixabay

Payments in bitcoin worth more than $500,000 were made to 22 different virtual wallets, most of them belonging to far-right activists and internet personalities, before the storming of the U.S. Capitol, cryptocurrency compliance startup Chainalysis said on Friday. The payments, made by a French donor, of 28.15 bitcoins were made on Dec. 8, the New York-based startup, specializing in countering money laundering and fraud in the digital currency space, said in a blog post. (https://bit.ly/3bG83yE)

Chainalysis said it now has evidence that many alt-right groups and personalities received large bitcoin donations as part of the single transaction. "We have also gathered evidence that strongly suggests the donor was a now-deceased computer programmer based in France," Chainalysis said in the report.

Nick Fuentes, who was permanently suspended from YouTube last year for hate speech, received 13.5 bitcoins, worth about $250,000 at the time of the transfer, making him by far the biggest beneficiary of the donation, according to the blog post. Fuentes could not be reached for a request for comment.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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