MyBroadband located the 2017 cryptocurrency transaction on the Bitcoin blockchain that has landed a South African man in jail on terrorism financing charges.
An R11,500 Bitcoin transaction that has landed a South African man in jail on terrorism financing charges would be worth over R149,000 today.
He said there were several drives to support the people of Syria at the time as they were subjected to human rights violations. Strick documented the Bitcoin wallet al-Sadaqah used for donations and highlighted several noteworthy transactions with deposits into the wallet’s address. Based on Fanusie’s report, Hoorzook’s donation in November 2017 was the single largest amount al-Sadaqah received before it changed its approach.
A “hot wallet” is a cryptocurrency wallet that is permanently connected to the Internet, as opposed to “cold storage”. Hoorzook appeared in the Lichtenburg Magistrates Court on Monday, 6 January 2025, after being arrested the Friday before.
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