WSJ corrects wording on crypto-financing of terrorism

The Wall Street Journal (WSJ) has corrected the wording in its article about cryptocurrency funding terrorism. The earlier version of the article cited research from Elliptic and incorrectly stated that PIJ had sent over $12 million in cryptocurrency to Hezbollah since 2021. The article has been updated to include more background information on the Elliptic research. WSJ wrote: The company analyzed digital currency wallets associated with Israeli authorities and PIJ and found that PIJ may use cryptocurrency to receive funds and transfer them to other terrorist groups. Elliptic stated that it is not yet clear whether all identified transactions are directly involved, as some wallets may belong to cryptocurrency brokers who serve non-PIJ clients.