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Large bitcoin payment made to far-right individuals before US Capitol attack - report

Jan 14 (Reuters) - Payments in bitcoin worth more than $500,000 were made to 22 different virtual wallets, most of them belonging to far-right activists and internet personalities, before the storming of the U.S. Capitol, cryptocurrency compliance startup Chainalysis said on Friday.
Reuters
President Trump delivers remarks to supporters in DC to support Trump's claims of voter fraud A supprter gestures towards the media as US President Donald J. Trump delivers remarks to supporters gathered to protest Congress' upcoming certification of Joe Biden as the next president on the Ellipse in Washington, DC, USA, 06 January 2021. Various groups of Trump supporters are gathering to protest as Congress prepares to meet and certify the results of the 2020 US Presidential election. EPA-EFE/SHAWN THEW

The payments, made by a French donor, of 28.15 bitcoins were made on Dec. 8, the New York-based startup, specializing in countering money laundering and fraud in the digital currency space, said in a blog post. (https://bit.ly/3bG83yE)

Chainalysis said it now has evidence that many alt-right groups and personalities received large bitcoin donations as part of the single transaction.

"We have also gathered evidence that strongly suggests the donor was a now-deceased computer programmer based in France," Chainalysis said in the report.

Nick Fuentes, who was permanently suspended from YouTube last year for hate speech, received 13.5 bitcoins, worth about $250,000 at the time of the transfer, making him by far the biggest beneficiary of the donation, according to the blog post.

Fuentes could not be reached for a request for comment. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shounak Dasgupta)

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