Israel Sanctions 37 Crypto Wallets Tied To Iran's Revolutionary Guards Terror Financing
Israel has sanctioned 37 cryptocurrency wallets linked to Iran's Revolutionary Guards, alleging they were used to fund terrorist groups like Hezbollah. The move is part of a broader economic campaign to disrupt the financial networks supporting Iranian proxies.
Why it matters
This highlights the increasing use of decentralized finance in geopolitical conflicts and the efforts of states to track and block illicit digital asset flows.
Israel's National Bureau for Counter Terror Financing (NBCTF), working with the country's intelligence community, uncovered a cryptocurrency-based financing infrastructure used by Iran's Revolutionary Guards to transfer funds to regional proxies, including Hezbollah. Acting on the NBCTF's recommendation, Katz signed sanctions orders Wednesday against 37 digital wallets identified as central to the network, which held cryptocurrencies worth more than 24 million NIS ($8 million).
The framing focuses heavily on the Israeli government's perspective and security narrative regarding 'terror financing'.
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