Crypto Makes Up 'Very Small Portion' of Terrorist Financing: Chainalysis

Crypto analytics firm Chainalysis has addressed reports about terrorist groups using cryptocurrency, stating that while some organizations do use crypto for financing, it is a small portion of illicit transaction volume. Chainalysis emphasizes that traditional methods such as financial institutions and shell companies remain the primary financing vehicles for terrorist organizations. The firm also cautions against overstating the metrics and flawed analyses when estimating the level of illicit crypto funds used by terrorist groups.