Certainly. Of course they are using Bitcoin, Bitcoin is an anonymous currency which can't be traced if your identity isn't linked with any of the addresses. Unfortunately, this is one of the down sides of Bitcoin is that it encourages shady businesses to operate using Bitcoin.

Bitcoin is the currency that anyone dealing in drugs, weapon and human trafficking would use due to the anonymity of it. I must add that cash is also a widely used solution but I believe with the price of Bitcoin increasing and the popularity we'll be hearing more and more about shady operations using Bitcoin.

The only reason I can't see them trading in Bitcoin, is because of the transactions on the blockchain and being publicly available to everyone. I don't believe ISIS is a group as we seem to label them as but individuals who perform acts of terrorism individually as anyone who performs an act of terrorism is almost always linked with ISIS and "ISIS" always claim the act.

Quote from: YED on November 21, 2017, 07:45:38 PM

Do you think that ISIS exist ?

Are you implying that the USA and it's allies fabricated ISIS? What a unique point of view you have there...

Quote from: shandiem14 on November 24, 2017, 01:38:59 AM

Probably yes, one factor that give them money and i think it's untraceable transaction that going to their fund.

I generally agree. There's only a slight issue with them using Bitcoin and that is; It has a public trail via the blockchain. If they ever slip up and expose their address then it will be publicly known throughout the world and openly out there for everyone to verify and see. Whether or not they care about being exposed is another thing. As a group they probably don't care, but individually they probably do.

Quote from: Sithara007 on November 24, 2017, 01:59:21 AM

They may be getting some of their funding in the form of Bitcoins (and the other crypto-currencies), but I am sure that the proportion may be very insignificant. Even if they get the Bitcoins, how they are going to spend them? I am not sure whether the arms smugglers and farmers of Syria accept Bitcoins. Even if they do, the markup will be very hefty.

Why does it have to be insignificant? How often are ISIS and related groups found to be trading in weapons? Smugglers would easily be able to dispose of Bitcoin if they wanted to use a more traditional route. Bitcoin could be held by them to fund future expeditions if they believe that Bitcoin can keep on rising.

Quote from: helars2008 on August 17, 2017, 02:20:54 PM

It could be possible...
These kind of scenario is not far from happening...
There are terrorist around the world who idolizes ISIS.
And through this isis could fund their terroristic activities. They could send financial supprot without being detected through cryptocurrencies...

It's likely that it's already happening right now. To be fair though, cash is probably a better choice for them than Bitcoin. It's likely that their cash they have earned is through plundering and they'll want to send that money tax/fee free. That just isn't possible with Bitcoin if you want a decent confirmation time. Each time you send Bitcoin you are going to need to send the equivalent of a few USD at current rates today to get it to confirm within an hour.

Now I don't think these are the times of people who are willing to pay any fees. Just a hinge though.