Whilst you may or may not agree with what hacking groups do, it’s important to realize that Bitcoin transactions are a form of free speech. The donations, such as those given to LulzSec, are people saying they support the cause.

When active, the group asked supporters to donate Bitcoins to its address. At the time each Bitcoin was worth between $6 and $10, and Davis estimated that the group had about $18,000 donated by its supporters. “If those coins are not all spent, they are now worth hundreds of thousands,” said Mikko Hypponen, chief research officer at the security company F-Secure.

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