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.

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