The Nigerian terrorist organization Boko Haram uses Crypto Assets for cross-border financing.

According to a report by Jinse Finance and News.Bitcoin, the Nigerian terrorist organization Boko Haram is increasingly relying on Crypto Assets, mobile payments, and other digital tools to fund its activities, obtaining millions through ransoms, looting, and forced donations. Experts refer to these digital financing methods as blind spots in the fight against terrorism. Nigeria’s vast and largely unregulated crypto market inadvertently facilitates this threat, driven by economic demand. Experts like Oge Samuel Okonkwo point out that Boko Haram utilizes the Decentralization feature of Crypto Assets for low-cost operations, including arms procurement, and benefits from the massive daily digital transactions in Nigeria. The organization’s cross-border activities have also been enhanced due to the convenient digital transfer characteristics of Crypto Assets.