Israel Seizes Millions in Iran Quds Force, Hezbollah Crypto Assets
The defense establishment seized millions of dollars in cryptocurrency belonging to the IRGC’s Quds Force and Hezbollah just days ago, Defense Minister Yoav Gallant announced Tuesday, June 27. He said this was the largest seizure of cryptocurrency from those groups to date.
The Islamic Revolutionary Guard Corps Quds Force is Iran’s elite intelligence agency for terror, spying, and fomenting unrest overseas, and Hezbollah in Lebanon is one of its main proxies.
Cryptocurrency has been a boon to terror groups and other illegal organizations as it allows them to avoid stricter banking regulations and tracking mechanisms. The defense minister confirmed that the funds were specifically designated to be used for terror purposes.
He said the Defense Ministry’s Division for Economic Warfare against Terror worked closely with the Mossad, IDF intelligence, the police, and other authorities (the Justice Ministry has a special division for combating terror financing) on utilizing new technological tools to track terror financiers’ new techniques for trying to conceal their movement of funds. (JPost / VFI News)
“God, we thank You for giving us the means to protect ourselves against terrorist organizations. We are especially grateful for the continual efforts of Israeli leaders who can weaken our enemies and prevent attacks on multiple fronts.”
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