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Israel has announced the confiscation of approximately $1.5 million worth of digital assets from cryptocurrency wallets allegedly linked to Iran, in what officials described as part of ongoing efforts to curb the financing of hostile activities.
The seizure, confirmed by Israel’s Ministry of Defense, targeted wallets suspected of being used to channel funds to groups and entities connected to Tehran.
Authorities said the move was aimed at disrupting Iran’s attempts to bypass international sanctions and finance its regional proxies through digital currencies.
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“This action is part of Israel’s broader strategy to combat illicit financial networks and prevent hostile regimes from exploiting new technologies to threaten regional security,” a defense official said in a statement.
Iran has long been accused by Israel and its Western allies of leveraging cryptocurrency to evade sanctions and sustain operations of organizations designated as terrorist groups, including Hezbollah and other militias.
The decentralized and largely unregulated nature of crypto markets has made them attractive for such activities, though regulators worldwide are increasing scrutiny.
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