Alt-right groups and figures, including internet personality Nick Fuentes involved in last week’s Capitol riot, received “large Bitcoin donations,” as per compliance and investigation software provider Chainalysis. The report says,

“While we don’t know if these donations directly funded last week’s violent gathering at the Capitol or any associated activity, the timing certainly warrants suspicion”

Founded in 2014, the blockchain analysis company provides data and analysis to government agencies, exchanges, and financial institutions.

As per the company's report, a 28.15 BTC donation worth $522,000 (at the time of transfer) was made in a single transaction a month before the riot occurred.

This donation was transferred to 22 separate addresses, many belonging to far-right activists and internet personalities. Nick Fuentes was the biggest beneficiary of 13.5 BTC (worth $250k) while anti-immigration organization VDARE, alt-right streamer Ethan Ralph, and several addresses with unidentified owners also received significant funds, as per the report.

The donor was a now-deceased, computer programmer based in France, suggests the evidence.

The donor-funded his donation wallet with crypto from a French exchange, which was then moved to the donation wallet through an intermediary, which became active in 2013 and is a “relatively early adopter of Bitcoin.”

While Chainalysis don’t want to make the donor's identity public, it says the information uncovered shows “domestic extremism isn’t strictly domestic.” The report says,

“The data shows that domestic extremists have been receiving a steady stream of cryptocurrency donations since 2016.”

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