Crypto News

Stefan Molyneux Gets $100K in Crypto Donations After YouTube Ban

White supremacist Stefan Molyneux received roughly $100,000 in donations following the removal of his YouTube channel.

Online supporters have donated nearly $100,000 in cryptocurrency to white supremacist and alt-right activist Stefan Molyneux following his removal from YouTube for “fomenting violence and hatred.”

After Molyneux posted a video to his Twitter account on June 29 stating YouTube had banned him from the platform, he issued a request for donations in cryptocurrency through his website. The alt-right figure lists addresses for Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Dash (DASH), Skycoin (SKY), Dogecoin (DOGE) and Monero (XMR).

As of press time, his supporters have sent 433 BCH, dozens small Bitcoin transactions of mostly 0.001 BTC or less, three small ETH donations totaling roughly $10, 0.3 DASH, no Skycoin, and no DOGE. Altogether, the white supremacist netted about $100,000 in crypto since June 29.

Molyneux made a similar request for crypto donations to his social media followers in January, when YouTube revoked his channel’s YouTube Partner Program. This action prevented him from earning money on the platform. 

“We have strict policies prohibiting hate speech on YouTube, and terminate any channel that repeatedly or egregiously violates those policies,” a spokesman for the platform told CNN in response to the ban, saying that Molyneux’s removal was part of an update to “better address supremacist content” promoting such speech. 

The Southern Poverty Law Center (SPLC) describes Molyneux as “a skilled propagandist and an effective communicator within the racist alt-right and pro-Trump ranks” promoting scientific racism and eugenics. At press time, his Facebook and Instagram pages are still active, but his PayPal account was terminated in November.

Not all neo Nazis getting paid

YouTube removed six high-profile alt-right figures promoting hate speech and violence on its platform in June. Joining Molyneux is Richard Spencer, the American Renaissance group, former KKK leader David Duke, and others. Richard Spencer is the white nationalist famous for calling BTC the “currency of the alt-right.”

The SPLC currently tracks identified Bitcoin wallets that help provide donations to neo Nazis like Molyneux. Spencer’s addresses have received only 0.88920026 BTC — approximately $8,135 at press time — but none of the donations were made following his channel ban yesterday. The only known address for American Renaissance shows no donations at all.

The center says hate group leaders and other influential extremists prefer crypto donations because “no company and no government” can intervene to stop the money from flowing to less-than-reputable causes. 

Some groups like the SPLC have at least attempted to track any funds going towards white supremacists. Cointelegraph reported following the alt-right rally and murder in Charlottesville that a Twitter bot — NeonaziWallets — was providing updates every time a BTC transaction is posted to known wallets controlled by neo-Nazis.

How useful was this post?

Click on a star to rate it!

As you found this post useful...

Follow us on social media!

1
Write a Comment

1 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
0 Comment authors
newest oldest most voted
Stefan Molyneux Receives $100,000 In Crypto Donations...

[…] Read the full story here. […]

Related Crypto News

Tiktok Ban: US May Join India in Banning Chinese Social Media Apps
The Trump administration is looking at banning Tiktok and other Chinese social media apps, according to Secretary of State...
These 3 Factors Suggest Bitcoin Bulls are About to Make a Big Movement
Bitcoin has remained caught firmly within the throes of its long-held consolidation phase in the lower-$9,000 region. It is...
Chainlink’s LINK Crypto Hits All-Time High on China Adoption
Chainlink blockchain’s native asset LINK hit an all-time high Tuesday. The crypto topped at $5.76 on Binance exchange, up...
Chainlink Price Hits A New All-Time High — Will Tezos (XTZ) Follow?
Tezos price looks ripe to follow in Chainlink’s footsteps for a massive rally and even new all-time highs given...
Number of Bitcoin “HODLers” Just Eclipsed 20 Million
Following this year’s block rewards reduction event in mid-May, the flagship cryptocurrency entered a consolidation period without providing any...
Bitcoin.com Wallet Launches New Portfolio Breakdown and Stablecoin Swap Features
With over 11 Million Bitcoin.com Wallets created, we’re building new features our users need most in order to enjoy...

Featured Crypto News

Bloomberg Analyst: Key Metrics Show Bitcoin Should Rocket Towards $12,000
It’s been a slow past few weeks for the Bitcoin market. The cryptocurrency has effectively been range-bound for two...
Report: $300B Worth of Food Will Be Traced Using Blockchain and IoT by 2027
A report claims that the global food industry could save over $100 billion annually by implementing blockchain and IoT...
BItcoin’s Sudden Drop to $9k Coincides With Fed’s Balance Sheet Contraction
Bitcoin plunged back towards $9,000 despite showing signs of upside correction in the early Friday session. The latest price...
Cardano (ADA) Is Forming the Signal That Preceded a 75% Crash: Analyst
Despite Bitcoin’s stagnation, Cardano (ADA) has performed extremely well over recent weeks. Data from crypto research firm Messari shows...
Three Important Reasons Why Ethereum Could Tumble Below $220
Ethereum failed to continue higher above $233 and declined sharply against the US Dollar. ETH is now trading below...
Bitcoin Dropping to $6K ‘Golden Pocket’ Isn’t Bearish, Says Trader
A classic Fibonacci retracement could land BTC/USD at $6,300 or lower and still not disturb the long-term trend. Bitcoin...