"“Different entities have previously requested cryptocurrency donations to allegedly pay for equipment, the costs of making and spreading physical propaganda, web hosting, travel, legal, and prisoner support,” said Joshua Fisher-Birch, an analyst at the Counter Extremism Project. “Crypto is attractive to the extreme right because it is easy to create a wallet and solicit donations online.”

He said while the anonymity of crypto was an obvious plus, extremists who use it are interested in not being deplatformed by mainstream crowdfunding sites, which is why Monero, a Bitcoin alternative with a higher degree of untraceability, has become a darling of cybercriminals and terror groups alike.

“Monero has also become popular with pro-Islamic State and IS-linked propagandists, who have asked for Monero donations and have posted advice on how to purchase it,” he added."