Israel Seizes Crypto Wallets Containing Millions of Dollars for Terrorism According to the National Anti-Terrorism Finance AgencyAnnounced onOn June 28, Israeli Defense Minister Yoav Gallant raisedcreditto the cooperation between Israel’s Ministry of Defense and Ministry of Justice, Israel’s intelligence service, and new technologies for this operation.
At a conference on June 27, Gallant said the operation ended a few days ago and seized crypto that had been transferred to Hezbollah terrorist organization and Iran’s Quds Forces. cryptocurrency the largest from those groups. “We effectively cut off the flow of terror funds through this channel,” Gallant said.
“Over the past few months We developed it at the National Bureau for Counter Terror Financing in the Department of Defense. in collaboration with intelligence and enforcement agencies […] This new capability leads to a very important achievement.”
Gallant said that Hezbollah, Quds and “Syrian elements” use crypto “to obtain […] money from third parties Most of them are money exchangers where they conduct illegal transactions.”
Blockchain analytics firm Chainalysis sayIn a blog post saying Israeli authorities seized $1.7 million in the operation. “We are proud to say that Chainalysis tools played a role in this important national security achievement.”
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