Israel Seizes Cryptocurrency Said to Be Used to Finance Hezbollah, Iran's Revolutionary Guard
- Israel's defense establishment has seized millions of dollars in cryptocurrency belonging to Iran's Islamic Revolutionary Guard Corps Quds Force and Hezbollah, in the largest seizure of cryptocurrency from these groups to date.
- Cryptocurrency has been beneficial for terror groups and illegal organizations, allowing them to evade strict banking regulations and tracking mechanisms. The seized funds were specifically intended for use in terror activities.
- The Israeli Defense Ministry's division for economic warfare against terror worked with various agencies, including the Mossad and IDF intelligence, to track and seize the cryptocurrency. Israel vows to continue its fight against Iran and other terror financing entities.
12 Articles
12 Articles
In first, Israel seizes millions from crypto wallets tied to Iran, Hezbollah
Israel has for the first time seized cryptocurrency wallets tied to Iran's Quds Force and Lebanon-based Hezbollah terror proxy, Defense Minister Yoav Gallant revealed on Tuesday. Follow Israel Hayom on Facebook, Twitter, and Instagram The "extensive and precedent-setting" effort over the past week resulted in the confiscation of millions of dollars worth of digital currency earmarked for terrorism, Gallant said. The Quds Force is the branch of T…
Israel Seizes Cryptocurrency Said to Be Used to Finance Hezbollah, Iran's Revolutionary Guard
The Israeli government said Tuesday that it seized millions of dollars in cryptocurrency from accounts that had sent or received funds in alleged financing schemes for a powerful arm of the Iranian military and the Iran-backed Hezbollah militant group in Lebanon. Israeli Defense Minister Yoav Gallant said he issued an order to seize the cryptocurrency wallets and turn over the funds to the Israeli government. He described the "extensive" operati…
Israel seizes millions in digital funds meant for Iran proxies
Israel has seized millions of dollars worth of digital funds intended for use by the powerful Iranian-backed Lebanese group, Hezbollah, and the foreign Quds Force arm of Iran's Revolutionary Guards, the Defence Ministry said on Tuesday, Reuters reports. Israeli Defence Minister, Yoav Gallant, said he approved an operation that was aimed at identifying and confiscating funds laundered by organisations supported by arch-enemy, Iran. His Ministry s…
Israel seizes cryptocurrency said to be used to finance Hezbollah and Iran's Revolutionary Guard
The Israeli government says it has seized millions of dollars in cryptocurrency from accounts that had sent or received funds in alleged financing schemes for a powerful arm of the Iranian military and the Iran-backed Hezbollah militant group in Lebanon.…
Coverage Details
Bias Distribution
- 46% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
