Crypto’s Nazi Problem: Funding Hate Without Rules

Rise of Cryptocurrency Exchanges Facilitating Hate Group Funding

Cryptocurrency has become a favored tool for domestic extremists to fund their activities, with major online exchange companies providing minimal oversight. A new report from the Anti Defamation League (ADL) reveals that white supremacist and neo-Nazi groups, as well as extremist propaganda outlets, have received and sent money through major cryptocurrency exchanges. Despite crackdowns on hate groups in other areas of online technology, such as social media platforms, these extremists are able to thrive on cryptocurrency platforms. This raises significant concerns about the lack of limits and pushback against hate and extremism in the crypto world.