Neo-Nazi groups use cryptocurrencies to raise funds, plan violence

According to foreign media "The Guardian", a former US Department of Homeland Security analyst from Russia, Rinaldo Nazzaro, is using cryptocurrency funds to plan to establish a neo-Nazi "Civil War" team within the United States. Nazzaro, a former Pentagon contractor, is now the leader of The Base, an extremist group listed as a terrorist organization by many countries.

"The Base" is an organization that advocates white nationalism and "accelerationism." The organization advocates the establishment of a white nation-state and encourages the use of terrorism and violence to achieve its goals. Currently, "The Base" has been listed as a terrorist organization by many countries including the United Kingdom, Australia, New Zealand, Canada, and the European Union.

Using Cryptocurrency to Recruit Violence and Plot the American Civil War

Nazzaro posted a recruitment message on the social platform Telegram, looking for a leader in the United States to lead the paramilitary team. This position will be responsible for recruiting and managing up to 12 members in preparation for a so-called American Civil War or social collapse. Nazzaro said the new leader will be paid $1,200 per month, funded by a combination of himself and monthly Bitcoin and Monero ($XMR) donations.

Nazzaro emphasized that the responsibilities of the position include organizing and recording monthly team training, and that candidates are required to have "knowledge and experience in wilderness survival skills, team tactics, etc." While military experience is not a requirement, Nazzaro said it is "highly desirable."

The report also pointed out that Nazzaro had purchased a piece of land near Republic, Washington, and that this recruitment also gave priority to candidates who lived near the area. Another "The Base" member, the founder of the New England-based Nazi organization NSC-131, reportedly raised more than $15,000 through donations and cryptocurrency.

Counter-extremism experts warn: Violence could intensify

Counter-extremism analyst Joshua Fisher-Birch told The Guardian that Nazzaro claimed to have supported more than $10,000 in "accelerationist" activities through his personal "stockpile" of cryptocurrency funds. Fisher-Birch cautioned that while these neo-Nazi groups are currently keeping a low profile, their focus on causing chaos increases the likelihood that they will incite violence or engage in acts of intimidation ahead of the U.S. elections. 🧧

The incident highlights the risk of cryptocurrencies being exploited by extremist groups. While the anonymity and decentralized nature of cryptocurrencies provide convenience to legitimate users, they also provide criminals with a convenient way to raise funds and transfer funds. As the activities of these organizations become more frequent, the international community's discussion on the supervision of cryptocurrency and anti-terrorism measures is bound to become more in-depth.