Times of Islamabad

Secuirty Agencies arrest IS financial network working through crypto currency Bitcoin from Karachi

Secuirty Agencies arrest IS financial network working through crypto currency Bitcoin from Karachi

On Monday, the Counter Terrorism Department (CTD) said that they havearrested an engineering student who was allegedly involved in sending moneyto Daesh in Syria through the cryptocurrency bitcoin.

Addressing a press conference, DIG CTD Omar Shahid Hamid said that theywere carrying out investigations regarding terror funding for quite sometime. The suspects used to send money to the Daesh women in Syria.

DIG Hamid said that money was being deposited in Karachi and being sent toSyria by the suspect, identified as Hafiz Umar bin Khalid and hisaccomplice Zia.

He further said that the CTD has carried out a forensic examination ofHafiz Umar Bin Khalid after he was arrested.