Israeli authorities seized millions of dollars in cryptocurrency from accounts linked to Iran’s Islamic Guard (IRGC) terrorist group and Iran-sponsored Hezbollah terror militia, the Israeli media reported. With this latest move, Israel “effectively cut off the flow of terror funds” through the mean of cryptocurrency, Defense Minister Gallant declared. Israel has previously seized cryptocurrency belonging to the paramilitary arm of Gaza’s Hamas rulers as part of counterterrorism financing investigations. The revelation comes nearly two months after Israel went after the Iran-funded terrorist Hamas’s cryptocurrency operations, forcing the jihadist group to suspend Bitcoin transactions. Iran spends nearly a billion dollars annually to finance terrorist groups such as Hezbollah, Hamas, Islamic Jihad (PIJ), and Yemen’s Houthi militia.

Source: The Guardian June 29, 2023 20:33 UTC