Crypto
FBI probe reveals Turkey as key conduit for ISIS cryptocurrency funding – Nordic Monitor
Abdullah Bozkurt/Stockholm
The indictment of an American citizen, prosecuted for funding the Islamic State in Iraq and Syria (ISIS), has exposed how Turkey became a key conduit for illicit cryptocurrency transactions used to finance the jihadist group’s operations in Syria.
Mohammed Azharuddin Chhipa, a 35-year-old Virginia resident and naturalized US citizen originally from India, transferred over $188,000 to ISIS. The funds were used to help secure the release of ISIS fighters and their families in Syria, utilizing Turkish intermediaries and cryptocurrency.
In an affidavit submitted to U.S. Magistrate Judge Lindsey R. Vaala on May 4, 2023, FBI Special Agent Gary T. Marosy explained that funds sent to ISIS in Syria often followed this method through Turkish brokers. The money was transferred via cryptocurrency, a difficult-to-trace form of currency, to couriers in Turkey. These couriers would then convert the cryptocurrency into cash, which was secretly smuggled into Syria without leaving a trace.
Intercepted communications revealed that Chhipa’s contact in Syria advised him not to send money directly to Syria or elsewhere, but rather to route it through Turkey, where ISIS could safely collect the cash and redirect it to fund their operations in Syria.
Chhipa, an IT professional who has lived in the US since the age of four after his family emigrated from India, was flagged by the FBI in 2019. The law enforcement agency was alerted when a dozen social media accounts he managed began posting violent jihadist messages.
Affidavit submitted to U.S. Magistrate Judge Lindsey R. Vaala on May 4, 2023 by FBI Special Agent Gary T. Marosy:
Chhipa_affidavit_FBI
In a post dated March 18, 2019 he wrote: “The sword is a must. Jihad is a must. Nothing terrifies the enemies – the enemies of the Muslimin– nothing terrifies them like power, force and, weapons…Jihad is a brick and solid pillar of the Shari’ah…This din [religion] can not be established and firmly planted without jihad, ever.”
On the same day, in another post, Chhipa quoted Shaykh al-Allamah Humud Ibn Ulqa ash-Shu’aybi, a renowned radical Saudi cleric who was supportive of the Afghan Taliban and the September 11, 2001 attacks.
In a chat conversation on March 16, 2019 Chhipa said he would either end up in prison, engage in jihad by moving abroad or become a martyr by killing himself. In June 2019, during communications with a covert FBI-run social media account, Chhipa admitted his support for ISIS and expressed his desire to carry out an attack against what he referred to as infidels and hypocrites, hoping to die in the name of Allah.
Chhipa fled the country on August 2, 2019, believing he would be arrested following an FBI search warrant executed at his home. The US secured a blue notice through INTERPOL, requesting assistance in locating, identifying or obtaining information about him in connection with a criminal investigation. Chhipa was forced to return to the US before reaching Egypt, part of his planned multi-route escape through Mexico, Guatemala, Panama and Germany. He was detained near the Mexican-Guatemalan border and deported to the US by Mexican authorities on August 16, 2019.
The FBI uncovered a cache of evidence during the search, which included instructions for building a bomb, PDF copies of the ISIS publication Dabiq and photos depicting beheadings and armed ISIS fighters.
After returning to the US without facing charges, Chhipa believed he was in the clear and resumed his activities on behalf of ISIS. He frequently communicated with British ISIS women living in Syria who were funding ISIS fighters and assisting in the escape of their family members from the Al Hawl camp (also known as Al Hol).
The camp was established in 2016 to house Iraqis and Syrians fleeing ISIS-controlled areas. By March 2019 over 50,000 women and children had settled in a special section of the camp known as the annex, following the final defeat of ISIS by the US-led coalition. The annex is guarded by Syrian Democratic Forces (SDF) fighters, who are reportedly open to bribes to allow ISIS family members to escape the camp.
The annex continues to serve as a stronghold for ISIS ideology, operating under strict Islamic sharia law similar to that of ISIS. The SDF is considered a terrorist organization by Turkey due to their alleged ties to the Kurdistan Workers’ Party (PKK), which is designated as a terrorist group by the US, the EU and Turkey.
Beginning in November 2019, Chhipa started depositing cash into his Apple Federal Credit Union bank account, converting the funds into cryptocurrency through service providers Coinbase and Binance, and sending them to Turkey.
The FBI’s analysis revealed that over $18,000 was sent to cryptocurrency wallets associated with ISIS women in Syria, $61,000 went to wallets located in Turkey, and more than $60,000 remains unaccounted for.
US Government’s Memorandum in Support of Pre-Trial Detention for Mohammed Azharuddin Chhipa, an ISIS Suspect:
US_attorney_motion_for _detention_ISIS-suspect
In a communication obtained by the FBI, an ISIS member advised Chhipa never to send money directly to her, but rather through Turkey. “Never sent directly to me it[’]s always sent to [T]urkey and then secretly sent to me with no tracks,” she wrote, prompting Chhipa to reply by saying that “I know how it works.”
The FBI used several covert accounts to communicate with Chhipa and his ISIS contact in Syria through what is known as FBI Controlled Persona (FBICP), which refers to accounts operated by undercover agents or confidential human sources. This communication was instrumental in deciphering the scheme Chhipa was running for ISIS.
In late April 2023 the FBI placed Chhipa under close surveillance, which he noticed, prompting him to attempt to flee the country for a second time. He received tips from an unidentified person with a German phone number on how to avoid detection. When he withdrew $8,000 in cash from his bank account, the FBI concluded that he was planning to escape.
Chhipa was arrested by the FBI on May 4, 2023 on an arrest warrant charging him with providing material support to ISIS, a crime that carries a potential penalty of up to 20 years in prison and possibly a lifetime of supervised release. He was detained pending trial on May 10, 2023.
During a May 2023 hearing, Assistant US Attorney Anthony Aminoff revealed that Chhipa had a relationship with Allison Fluke-Ekren, an American ISIS member from Kansas who is currently serving a 20-year sentence. Fluke-Ekren pleaded guilty in 2022 to organizing and leading Khatiba Nusaybah, a battalion where approximately 100 women and girls were trained in the use of automatic weapons, grenades and suicide belts. The two married through an online encounter, and Chhipa had been attempting to adopt Fluke-Ekren’s children.
Chhipa’s case underscores how the government of President Recep Tayyip Erdogan appears to tolerate ISIS activities in and through Turkey, rather than genuinely cracking down on the terrorist network. Official figures indicate that only about one in four ISIS detainees is arrested during arraignment in Turkish courts, effectively creating a revolving door policy for ISIS suspects.
Many ISIS suspects who were arrested are later released during trial hearings, and very few actually receive convictions and serve prison time. The Turkish government avoids disclosing how many ISIS members have been convicted, despite parliamentary inquiries from opposition parties.
For years, the Erdogan government turned a blind eye as ISIS moved fighters, funding and logistical supplies through Turkey. During 2015-2016, Turkish intelligence agency MIT reportedly contracted the ISIS network in Turkey to carry out a series of violent bombings to further a political agenda and help the Erdogan government maintain power amid increased terrorist threats during election cycles.
Crypto
Court upholds ban that is shaking cryptocurrency world: 'Unduly discriminatory and unreasonable'
The Canadian province of British Columbia has held firm in its stance against cryptocurrency, extending its restrictions against bitcoin mining into December.
According to CoinDesk, the BC Supreme Court upheld a ban early last year that the provincial government initiated in December 2022 after Conifex Timber — a forestry company that intended to begin mining operations in the province with the Tsay Keh Dene First Nation — challenged the moratorium.
“The total amount of megawatt-hours that would have been required to service all the interconnection requests from cryptocurrency operations in 2023 grossly exceeded the projections of BC Hydro,” the judge wrote.
A press release from the BC government following the initial ban stated that it paused 21 projects that requested 1,403 megawatts — equivalent to the energy needed to power approximately 570,000 homes in the region or charge 2.1 million electric vehicles.
Cryptocurrency advocates have pointed to the rising number of mining operations using renewable energy off the grid and to how the lucrative benefits of mining crypto flexibly can help to drive innovation, investment, and expansion of renewable energy and avoid wasting electricity. But for a region or country dealing with active threats to its energy grid, it may be harder to lean into that optimism until it is properly prepared to take advantage.
“The temporary suspension will preserve BC’s electricity supply, while giving government and BC Hydro sufficient time to engage with industry and First Nations, and develop a permanent framework for any future cryptocurrency mining operations,” the statement reads.
BC originally imposed an 18-month restriction to preserve its supply of sustainable and affordable energy provided by its largest electricity utility, BC Hydro, which produces over 90% of its power from hydroelectric sources, per CoinDesk.
The provincial government also passed an update to the Energy Statutes Amendment Act in 2024 to allow the Cabinet to bypass the BC Utilities Commission, giving it direct authority over the energy allocation to the crypto industry.
While the government argued that “these amendments will enable the eventual implementation of a permanent policy,” Conifex Timber contended in court that the ruling was “unduly discriminatory and unreasonable.”
The ruling comes amid bitcoin’s surging value and Vancouver, BC’s most populous city, pushing to become a bitcoin-friendly city.
Bitcoin has been an extremely divisive issue, with detractors noting its immense energy demands and resulting environmental impact. Its profitability and popularity have overburdened grids and even allegedly come at the cost of human health.
Meanwhile, proponents have championed its creative potential in sustainability; for example, companies are utilizing the high temperatures its data centers produce to heat commercial and residential buildings.
Join our free newsletter for good news and useful tips, and don’t miss this cool list of easy ways to help yourself while helping the planet.
Crypto
The Top 8 Cryptocurrency Staking Platforms of 2025: Maximize Your Passive Earnings | Bitcoinist.com
Cryptocurrency staking has evolved into one of the most powerful ways to earn passive income, and with the growing variety of staking platforms, it’s easier than ever to generate returns on your crypto holdings. Whether you’re just starting out with crypto or you’ve been investing for a while, picking the right crypto staking platform is crucial to getting the most out of your money.
In this article, we’ll show you the top 8 cryptocurrency staking platforms for 2025—starting with the very best one: Keynode. These platforms offer high staking rewards, security, and features that will help you unlock the full potential of your digital assets.
1. Keynode: The Ultimate Staking Solution
Keynode has quickly ascended to the top of the staking world in 2025, offering a user-friendly experience that’s as secure as it is profitable. With its unparalleled flexibility and high rewards and highest APY crypto staking, Keynode is an investor’s dream for maximizing passive earnings.
Here’s a simple guide to get started with Keynode.net:
- Visit Keynode.net -Visit the Keynode.net website to start your crypto journey.
- Create an Account – Sign up and make an account, choosing a secure password, and following the verification steps to ensure your account is protected.
- Claim Your Welcome Bonus– As a new user, you’re eligible for a $100 Welcome Bonus tied to the ETH Lite Plan.
- Deposit Funds– Deposit your preferred cryptocurrency or fiat funds into your account.
- Start Earning Through Staking or Other Plans– Choose from Keynode’s various earning options, like high-yield staking, to start growing your assets.
Earn Big with Keynode.net’s Affiliate Program (4% + Active Users Bonus)
The Keynode.net Affiliate Program is designed for crypto enthusiasts and affiliates who want to earn extra income by sharing Keynode.net with others.
Key Benefits of the Keynode.net Affiliate Program
- No Deposit Required
You can join the affiliate program, share your referral link, and begin earning without needing to make an initial deposit. - High Pay-Outs
Earn up to 4% in referral rewards for every purchase made by a user who signs up through your link, maximizing your income from each referred customer. - Instant Payments
Keynode.net ensures you get paid quickly, with referral rewards credited instantly in cryptocurrency to your account. - No Limits on Referrals
With no cap on referrals, there’s no limit to your earning potential.
How It Works
- Sign Up and Get Your Referral Link
Simply sign up for the affiliate program on Keynode.net and receive a unique referral link. - Share Your Link
Invite friends, family, and followers to join Keynode.net using your referral link. - Earn Rewards Instantly
Each time a referred user completes a purchase, your commission is credited immediately. - Active Users Bonus
Enjoy extra bonuses for each milestone in active users (those who have made a purchase). The more active users you bring in, the more you earn:
- 10 Active Users: Earn an extra $15
- 30 Active Users: Earn an extra $50
- 50 Active Users: Earn an extra $100
- 100 Active Users: Earn an extra $150
- 300 Active Users: Earn an extra $400
- 500 Active Users: Earn an extra $700
- 1,000 Active Users: Earn an extra $1,500
- 2,000Active Users: Earn an extra $3,000
Keynode.net Million Bounty Program
Keynode.net’s Million Bounty Program is your opportunity to earn rewards while contributing to the growth and success of our platform. By completing simple tasks, sharing the messages, and managing online groups, you can earn crypto rewards while contributing to the improvements of the platform.
How to Claim a Bonus on KEYNODE: A Simple Guide
- Enter your username followed by “Million Bounty” on the first line.
- Provide your email address on the second line.
- Share the link to your social media post on the third line.
- Submit the information to the Support team for review.
- Approved bonuses will be issued weekly on Tuesdays and Fridays.
2. Binance: A Trusted Powerhouse in Crypto
It will be in 2025 when Binance, one of the biggest and most reputable cryptocurrency exchanges in the world, will still head in cryptocurrency staking. Offering flexibility and a vast selection of supported cryptocurrencies, Binance is an ideal platform for users looking for reliable passive income.
Why Binance Is a Top Contender:
- Flexible Staking Options: Whether you prefer flexible or locked staking, Binance offers both, catering to all types of investors.
- High Liquidity: Binance’s massive user base ensures high liquidity, making it easy to stake and unstake your assets at any time.
3. Kraken: Secure and User-Friendly
For those seeking a straightforward and highly secure staking experience, Kraken is a top choice in 2025. Kraken is well-known for its strict rules and strong security measures. It makes staking easy for both new and experienced investors.
Why Kraken Stands Out:
- Top-Tier Security: Kraken is famous for its robust security measures, ensuring your assets are always protected.
- 24/7 Support: Kraken provides round-the-clock customer support, ensuring assistance is available whenever you need it.
4. Coinbase: A Beginner’s Best Friend
For new investors in the field of cryptocurrency, Coinbase provides one of the easiest and most trusted platforms for a beginner to start staking. With its user-friendly design and robust security features, Coinbase makes it simple to grow your crypto holdings passively.
5. Gemini: Regulated and Reliable
Gemini is a regulated U.S. exchange that provides a secure and user-friendly platform for staking a variety of cryptocurrencies. Gemini is a great option for people who want a safe and secure way to stake their assets, as it’s well-known for following rules and keeping things protected.
Why Gemini Deserves a Spot:
- Reliable Rewards: Staking rewards on Gemini range from 2% to 6% annually, with reliable payouts.
- Strong Security: Gemini’s advanced security features provide peace of mind, ensuring your funds are always protected.
6. Staked: Optimized for Proof-of-Stake
Staked is an advanced platform designed specifically for staking Proof-of-Stake (PoS) assets. Dedicated to providing high yields and professional management, Staked is suitable for users intending to maximize returns out of their PoS tokens.
Why Staked is a Strong Option:
- Expert Management: Staked provides professional-grade management for your staking assets, ensuring maximum efficiency and reliability.
- High Yields: Staked offers some of the highest yields in the industry, particularly for PoS coins like Solana, Cosmos, and more.
7. Crypto.com: A One-Stop Crypto Ecosystem
Crypto.com continues to expand its ecosystem, offering not only staking but also trading, lending, and a crypto-backed debit card. If you want a place where you can manage your whole crypto portfolio, Crypto.com has got you covered.
Why Crypto.com Is Worth Your Attention:
- Attractive Rewards: Crypto.com offers competitive rewards, with yields ranging from 4% to 12% on various coins.
- Loyalty Programs: The platform’s loyalty program offers additional bonuses for users who hold the native CRO token.
8. Exodus: A Staking Wallet for the Mobile Generation
Exodus is a well-known wallet app for phones and computers. It lets users earn rewards by staking different types of cryptocurrencies directly from their wallets.Known for its intuitive interface, Exodus is perfect for users who want to stake on the go.
Why Exodus Stands Out:
- Mobile-Friendly: Exodus is designed with mobile users in mind, making it easy to stake from anywhere.
- Low Fees: Exodus offers competitive fees, making it a cost-effective choice for staking smaller amounts.
Conclusion: Maximize Your Earnings in 2025
Choosing the right cryptocurrency staking platform can significantly impact the returns you earn on your investments. With Keynode marching the way, among this top 8, everything from the most high-yield to the easiest use and the rock-solid protection is available. So, which platform will you choose to take your crypto staking experience to the next level? Let the journey to passive income begin!
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Crypto
Trump to set the course for cryptocurrency market this year with his cabinet – Latest News
WASHINGTON
In a year that saw cryptocurrency markets reach unprecedented heights, 2025 is poised to be a watershed moment for digital assets, with the inauguration of President-elect Donald Trump on Jan. 20 having set the stage for potentially seismic shifts in the crypto world.
Throughout 2024, Bitcoin shattered records, surpassing $107,000 and pushing its market cap beyond $2 trillion. The entire cryptocurrency ecosystem’s value soared past $3.7 trillion, signaling growing mainstream acceptance.
Now, all eyes are on Trump’s administration and its pro-crypto stance. During his campaign, Trump vowed to make the U.S. the “crypto center of the world,” a promise that sent digital currencies surging after his election victory, with ambitious plans like a “national Bitcoin reserve,” though details remain scarce.
Trump’s cabinet choices reflect his crypto-friendly approach. David Sacks, a prominent entrepreneur and investor, is set to become the “White House Artificial Intelligence and Crypto Czar”—a” role in which the former PayPal senior executive would “guide policy… in two areas critical to the future of American competitiveness,” according to Trump.
Sacks will be tasked with developing a legal framework to provide the clarity the crypto industry has long sought.
The changing of the guard at key financial regulators is also stirring optimism. Gary Gensler, known for his skeptical view of cryptocurrencies, will step down as Securities and Exchange Commission (SEC) Chairman. His likely successor, Washington attorney Paul Atkins, is viewed as more amenable to digital assets.
Scott Bessent’s nomination to the Treasury Department further cements the perception of a crypto-positive economic team.
Last year’s approval of Bitcoin and Ethereum ETFs by the SEC opened the floodgates for institutional and retail investors alike. Speculation is rife that 2025 could see similar approvals for other cryptocurrencies like Solana, Ripple, and Hedera, potentially driving further market growth.
Ripple, a major altcoin project, and Coinbase, one of the largest U.S. cryptocurrency exchanges, have been embroiled in lawsuits with the SEC over allegations of unregistered securities transactions. These cases have cast a shadow over the market in recent years.
While Ripple secured a favorable ruling in 2024, the SEC’s subsequent appeal has left the case’s final resolution uncertain. The cryptocurrency community is eager to see how the new SEC leadership under the Trump administration will approach these high-profile cases.
Ripple CEO Brad Garlinghouse took to X to express his excitement about the state of cryptocurrency and Ripple’s trajectory in 2025, citing the surge in momentum as the “Trump bull market.”
“The ‘Trump effect’ is already making crypto great again,” Garlinghouse stated, reflecting optimism within the industry about a more supportive regulatory environment for blockchain and cryptocurrency under the new administration.
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