Israel's Seizure of Cryptocurrency Exposes Hezbollah and Iran's Financing

The Israeli government has seized millions of dollars in cryptocurrency from accounts allegedly involved in financing schemes for Hezbollah and Iran's Revolutionary Guard. Israeli Defense Minister Yoav Gallant described the operation as Israel's first to target these two organizations, both designated as terrorist groups by the US and other governments. The seizure was a multi-agency effort involving Mossad, military intelligence, and the police. Cryptocurrencies like Bitcoin are favored for illicit transactions due to their perceived difficulty to trace. Israel's action serves as a warning to those involved in financing terrorism, as the country has developed tools to identify individuals involved in blockchain transactions.