US far-right extremists making millions via social media and cryptocurrency
Dozens of extremist groups and individuals, including some involved in the Capitol attack, have used social media platforms, cryptocurrencies, tax-exempt status and other fundraising tools to rake in about $1.5m in the last year, according to experts.
Two recent studies by groups that track extremist financing, the Global Disinformation Index (GDI) and the Southern Poverty Law Center (SPLC), underscore the growing threat posed by far-right extremists, including those who attacked Congress to stop the certification of the 2020 election results.
The recent studies and testimony delivered to a House committee by representatives from the SPLC and GDI in late February showed that the Oath Keepers, Proud Boys and others with white supremacist and anti-immigrant bias, reaped windfalls via the streaming platform DLive, cryptocurrencies and other fundraising methods.
Megan Squire, a computer science professor at Elon University and a senior fellow at the SPLC, found that from 15 April to early February, 55 extremist individuals and groups used the video streaming platform DLive, which allows cryptocurrency-based donations for content, to pull in just under $866,700.
https://www.theguardian.com/world/2021/mar/10/us-far-right-extremists-millions-social-cryptocurrency
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