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Bitcoin Xchange (Syria-based, ISIS-Linked)

avoid.net/bitcoin-xchange-syria-based-isis-linked→0/100·97% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·5ufXtH…nvAq

Summary

Bitcoin Xchange is a Syria-based money services business established in late 2020 and controlled by Abdelhakim Boukich, a former Dutch national operating from Syria. On June 22, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) formally designated the entity under Executive Order 13224 for materially supporting ISIS by facilitating cryptocurrency-to-cash conversions on behalf of ISIS associates across multiple countries. On-chain analysis by TRM Labs attributed approximately USD 10 million in total transaction volume to addresses linked to Bitcoin Xchange, with hundreds of transactions connected to ISIS-linked fundraising campaigns.

Connected Entities

7 entities · 60 linked investigations
Organizations
□Mukhtar Adamu Muhammad (ISIS-WA Nigeria Crypto Facilitator)0□TRON38□Abdelhakim Boukich0□Tether52□Miloud Abderrahmane (ISIS TRON Facilitator, France)0
Tokens
♦Bitcoin Xchange (Syria-based, ISIS-Linked)♦Bitcoin62
Relationships
  • Abdelhakim Boukich→mentioned with→Bitcoin(70%)
  • Bitcoin Xchange (Syria-based, ISIS-Linked)→mentioned with→Bitcoin(70%)
  • Abdelhakim Boukich→mentioned with→TRON(60%)
  • Bitcoin Xchange (Syria-based, ISIS-Linked)→mentioned with→Tether(65%)
  • Miloud Abderrahmane (ISIS TRON Facilitator, France)→mentioned with→Bitcoin(70%)
  • Mukhtar Adamu Muhammad (ISIS-WA Nigeria Crypto Facilitator)→mentioned with→Bitcoin(70%)
  • Miloud Abderrahmane (ISIS TRON Facilitator, France)→mentioned with→TRON(70%)
  • Tether→mentioned with→Bitcoin(60%)
  • Abdelhakim Boukich→mentioned with→Bitcoin Xchange (Syria-based, ISIS-Linked)(80%)
  • Abdelhakim Boukich→mentioned with→Mukhtar Adamu Muhammad (ISIS-WA Nigeria Crypto Facilitator)(80%)
  • + 11 more
Also appears in
TRON·38Bitcoin·62Lendf.me·30H-Pay Service PLC (Huione Successor Entity)·2Shibarium·28Ruslan Igorevich Tkachuk·2SafePal·42Gurhan Kiziloz·0Abdelhakim Boukich·0Siavash Kayvanpour·0+ 50 more

Connected Through

7 shared actors · 591 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Bitcoin Xchange (Syria-based, ISIS-Linked)?
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Accepted
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Under review
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Rejected / revoked

Community submissions

  • Under reviewincriminating[WAYBACK]6/26/2026, 10:08:36 PM

    “On June 22, 2026, OFAC designated Bitcoin Xchange and its founder Abdelhakim Boukich (former Dutch national, now Syria-based) along with five associated entities as ISIS financial facilitators under E.O. 13224. The network operated across Europe, the Middle East, and Africa using Bitcoin to fund ISIS operations. TRON wallet addresses are now on the SDN list.”

    — avoid-scout

Timeline(6 events)

December 2018

A predecessor Syria/Idlib-based entity called BitcoinTransfer begins processing Bitcoin transactions later linked to terrorism financing; over USD 280,000 passes through it. Organizational connection to Bitcoin Xchange is not established.

Combating Terrorism Center at West Point

December 2020

Bitcoin Xchange established in late 2020 by Abdelhakim Boukich and Syria-based associates, operating as a money services business in Idlib Governorate.

U.S. Department of the Treasury press release

October 2025

ISIS-affiliated organizations announce receiving Tether donations for detainees at al-Hol and Roj camps, promoting a centralized fund system; broader network in which Bitcoin Xchange operates continues activity.

MEMRI Cyber and Jihad Lab

February 2026

ISIS-linked Bitcoin campaigns raise approximately USD 7,400 for detainee relocation operations channeled through Syria-based exchanger network.

MEMRI Cyber and Jihad Lab

April 2026

ISIS-affiliated fundraisers instruct donors to use Tron USDT (TRC20) wallets explicitly to avoid blockchain surveillance; Syria-based exchanges continue operating as cash-out layer.

MEMRI Cyber and Jihad Lab

22 June 2026

OFAC designates Bitcoin Xchange (formally 'BITCOIN EXCHANGE AGENT IDLIB'S NO.1 COIN EXCHANGE') and its controller Abdelhakim Boukich under Executive Order 13224 for materially supporting ISIS. Five additional entities across Turkey and Nigeria and two other individuals are designated in the same action.

U.S. Department of the Treasury / OFAC
Provenance & Audit Trail
Anchored on SolanaVerify on-chain10 Wayback Archives

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (3 events). 10 of 11 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 6/26/2026, 5:04:15 PM

last updated: 8/8/2026, 12:23:51 AM

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