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Israel Orders Seizure of 187 USDT Crypto Wallets It Says Are Linked to Iran's IRGC
- On Monday, Israel's Ministry of Defense directed the confiscation of 187 cryptocurrency wallets believed to be associated with the Iranian paramilitary organization known as the Islamic Revolutionary Guard Corps.
- The seizure followed suspicions that the IRGC used these wallets to receive $1.5 billion in Tether's USDT stablecoin, amid longstanding sanctions and regional conflict.
- Blockchain firm Elliptic confirmed the wallets received $1.5 billion over time but stated it cannot verify full IRGC ownership and noted some addresses could belong to crypto services.
- Elliptic's Tom Robinson explained the wallets now hold only $1.5 million, a fraction of prior amounts, while Israel's National Bureau claims the wallets facilitate severe terror crimes.
- This action implies intensified measures to disrupt the IRGC's alleged use of cryptocurrency amid continuing Israeli-Iranian tensions and broader sanctions enforcement.
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Israel dismantles $1.5 billion Iranian terror crypto network
In June, a pro-Israel hacking group dubbed “Gonjeshke Darande” devastated Iran’s largest cryptocurrency exchange Nobitex to the tune of $90 million. By Jewish Breaking News Israeli authorities have dismantled a massive cryptocurrency network tied to Iran’s Revolutionary Guard, blocking access to digital wallets that handled over a billion in suspected terror funding. Defense Minister Israel Katz signed an administrative seizure order Monday targ…
·Israel
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Coverage Details
Total News Sources34
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 17%
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