US prosecutors have charged a New York woman with using Bitcoin and other crypto-currencies to send funds to the Islamic State group. Zoobia Shahnaz, 27, was arrested at her Long Island home on Thursday for sending over $150,000 through shell accounts in China, Pakistan and Turkey to benefit IS extremists. Much of the money came from bank loans and credit cards, the Justice Department said. With that, she bought $62,000 worth of Bitcoin and other cryptocurrencies, which can offer owners anonymity in transfers and payments. After making the transfers, Shahnaz tried to travel to Syria, prosecutors alleged.

Source: Punch December 15, 2017 17:15 UTC