Financial Extremism: The Dark Side of Crowdfunding and Terrorism

Abstract

ABSTRACT This study sheds light on the emerging threat of terrorists, particularly Hamas and other Palestinian terror organizations, leveraging online crowdfunding and cryptocurrencies. The recent events of October 7, 2023, highlight the pressing nature of this issue. A systematic case analysis reveals the sophisticated exploitation of digital finance for discreet resource accumulation, circumventing traditional oversight. The findings expose unidentified typologies and funding pathways, significantly bolstering terrorist resilience against interdiction efforts. This study provides vital knowledge to catalyze policy adaptations at this critical juncture by probing real-world implications that still lack coordinated responses. Ultimately, this study raises awareness about evolving asymmetries and underscores the importance of closing gaps in vigilance, necessitating academic and policy attention to inform agile, ethical countermeasures before technological vulnerabilities widen further.