Two Non-Profits Have Received $20,000 from Hackers

BBC’s report unveils that hackers have donated $20,000 in Bitcoin to two non-profits. Such kinds of unusual acts have made experts puzzled.

Non-Profits: Children International and The Water Project

Two non-profit organizations, Children International and The Water Project have received donation funds, which are known to be linked with criminal sources.

According to BBC, the Robin Hood act on the part of hackers has left crypto experts and analysts perplexed and puzzled. Hackers’ organizations projected the receipts over the dark web, which have raised questions about non-profit organizations.

Officials of Children International are not satisfied to accept the donations from criminals and stated they would not accept this donation.” If the donation is linked to a hacker, we have no intention of keeping it,” Children International’s spokesperson said.

In a blog post, hackers said they would feel good after changing someone’s life through donations. They even acknowledged that their work is bad and it is good that “some of the money the companies have paid will go to charity.”

TGB Refused to Accept Donations

The Giving Block (TGB) is used by the criminal actors to donate money to non-profits. The platform allows anyone to pay money and the whole process is independent and anonymous as well. Currently, The Giving Block is facilitating and providing services to 67 charity platforms across the world.

TGB’s officials were not aware of these donations from criminal origins. According to TGB, they would return these funds to their “rightful owners.” “If it turns out these donations were made using stolen funds, we will of course begin the work of returning them to the rightful owner,” TGB added.

Chainalysis’s crypto researcher Philip Gradwell claimed such kinds of anonymous transactions are not good for the industry, but they would further accelerate the money laundering activities.

Various crypto analytics companies have developed tools to track the crypto transactions, but these tools are unable to find the owner of a particular wallet. He focused on the point that all crypto-related firms should ensure Anti-Money Laundering and Know Your Customer (KYC) policies.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Amazon Currently has No Plans to Accept Bitcoin Payments

Bitcoin mania is on the rise as bullish signals approach; Bitcoin had seen some very hard days, especially in the past few months when Elon Musk and China were cracking at it, and most of the investors lost their faith in the cryptocurrency. Bitcoin stayed closer and then below the $30K price range and was […]

New Monero Bug Violates Users’ Transactions Privacy

Monero is a privacy-focused cryptocurrency and is already getting some traction from the crypto market and investors alike. But it has been infected with the bug named “Monero,” which consistently bewilders the transaction privacy and credibility for users. The whole point of using cryptocurrency for making transactions and the use of blockchain technology is to […]

UK-based News Agency Claims Amazon is Going to Enable Cryptocurrency Payments

Amazon is the fourth-largest company in the world in terms of annual revenue generation. The retail giant was caught by a cloud of rumor mongers who connected Amazon with cryptocurrencies like Bitcoin. The root cause of the rumors was a series of job postings by Amazon that show vacancies for blockchain and digital payment experts. […]

Polkadot (DOT) Targets $17 on a Bullish Set-Up

Briefly – DOT has recovered almost 40% from its weekly lows, targeting $17. DOT’s price tries to prevent the declining wedge. The RSI overpowers a five-month trend-line. Polkadot (DOT) Price Analysis Though Polkadot (DOT) has been here for not that long, it has enjoyed massive adoption by crypto advocates. That is because of the solutions […]

Crypto Market Recovers as Bitcoin’s Price Surges

After witnessing a downfall in the last few months, Bitcoin is once again on the rise. Today marks the third consecutive day that showed Bitcoin price movement improving. In the same period, Bitcoin has improved by 4.11% and added a weight of $1,705 to the price list. At press time, Bitcoin is valued at $34,411 […]