Israel Confiscates Millions in Crypto from Hezbollah and Iranian Quds Force

Israel has seized millions of dollars worth of cryptocurrency allegedly used to finance the Iran-backed militant groups Hezbollah and the Iranian Quds Force. This latest move against the use of cryptocurrency to fund terrorism demonstrates Israel's commitment to combating illicit financing.

The Israeli Defense Ministry has reported seizing cryptocurrency from Hezbollah and the Iranian Quds Force. In a Tuesday announcement, Israeli Defense Minister Yoav Gallant said the government had seized millions of dollars worth of cryptocurrencies linked to Iran’s military arm, Quds Force. Israel says it has confiscated millions of dollars’ worth of digital funds intended for use by Iran’s Islamic Revolutionary Guard Corps’ (IRGC) expeditionary force. 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 these groups.

Specifically, Israel seizes $1.7 million in cryptocurrency from wallets funding the Iranian Hezbollah militant group. Israeli authorities, through the revolutionary tools developed by Israeli security agencies, have successfully seized around $1.7 million in cryptocurrency from digital wallets. The seizure was conducted using blockchain analysis platform.

Israel confiscó hasta 40 billeteras de criptomonedas vinculadas a la Fuerza Quds del IRGC y a Hezbollah. El Ministerio de Defensa de Israel realizó una operación sin precedentes para identificar y confiscar estos fondos.

The Defense Minister of Israel emphasized the importance of disrupting these financial networks. This seizure sends a clear message that Israel will continue to use all available resources to prevent the flow of funds to terrorist organizations.