Home of Lisa's Top Ten, the daily email that brings you the world.
The first task of the day

Sign Up for Lisa's Top Ten


Israel Seizes Cryptocurrency Said to Be Used to Finance Hezbollah and 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” operation as Israel’s first to target the Hezbollah militant group and the Iranian paramilitary Revolutionary Guard’s elite Quds Force — two organizations sworn to Israel’s destruction. Both have been designated by the United States and some other governments as terrorist organizations and locked out of the traditional global financial system.

It was a multi-agency effort, Gallant said, involving Israel’s Mossad spy agency, the Israeli military intelligence office, the Israeli police and others.

Israel has previously seized cryptocurrency belonging to the paramilitary arm of Gaza’s Hamas rulers as part of counterterrorism financing investigations.

Related Story: Iran Regime Reportedly Makes First Import Order Using Cryptocurrency to Evade Sanctions

Read More

Related Posts