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Study: Foreign aid diversion shifts to cryptocurrency

By PulseAugur Editorial · [1 sources] ·

A new NBER working paper by Sumit Agarwal and colleagues investigates the diversion of foreign aid through cryptocurrency. The study, which analyzed $238 billion in World Bank aid disbursements across 93 countries from 2018 to 2024, found that aid tranche arrivals correlated with surges in Bitcoin activity. The researchers estimate that 2% to 6% of aid dollars, totaling $1.7 to $4.4 billion, were diverted, primarily through anonymous and newly created wallets on various exchanges. While cryptocurrency facilitates this diversion, its transparent ledger may also aid in detection and recovery. AI

RANK_REASON NBER working paper detailing a new research methodology and findings on cryptocurrency's role in aid diversion. [lever_c_demoted from research: ic=1 ai=0.4]

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Study: Foreign aid diversion shifts to cryptocurrency

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NBER working paper detailing a new research methodology and findings on cryptocurrency's role in aid diversion. [lever_c_demoted from research: ic=1 ai=0.4]
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COVERAGE [1]

  1. Hacker News — AI stories ≥50 points TIER_1 English(EN) · bko ·

    Crypto Capture of Foreign Aid

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