Defense Minister Israel Katz ordered sanctions on dozens of cryptocurrency wallets belonging to Iran's Islamic Revolutionary Guard Corps, worth NIS 24 million. The funds were reportedly intended to finance Hezbollah and other proxy terror operations, according to an official statement.
Defense Minister Israel Katz ordered sanctions on dozens of cryptocurrency wallets linked to Iran's Islamic Revolutionary Guard Corps (IRGC), valued at 24 million shekels (approximately $6.5 million). According to the Defense Ministry statement, the funds were designated for financing Hezbollah and other Iranian proxy terror operations. The move follows a broader Israeli and international effort to disrupt IRGC financial networks, including previous US Treasury sanctions on Hezbollah-linked entities and IRGC procurement networks, as reported by The Zioneer. The announcement comes amid increased tensions on Israel's northern border, with Hezbollah and the IRGC reportedly coordinating potential responses to Israeli strikes. No details were provided on how the wallets were identified or whether the assets have been frozen. The sanctions signal continued Israeli financial warfare against Iran's proxy network, targeting the digital financial infrastructure that has become a key channel for terror financing.
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