Israel Seizes Cryptocurrency Linked to Hezbollah

BeInCrypto
BeInCrypto

28 Jun 2023 3:00 PM

Israel seized crypto worth over $1.7 million used for the financing of the Lebanon-based Hezbollah militant group....

  • Israel has seized over $1.7 million worth of cryptocurrency linked to funding the Hezbollah militant group.
  • The seizure was conducted with the help of the blockchain analysis platform Chainalysis.
  • Israel's defense minister announced that the operation had successfully cut off the flow of terror funding through digital currencies.
  • Tether also froze four addresses involved in terror financing.

The sentiment of the article is mostly negative, as it discusses the illicit use of cryptocurrency for funding terrorist activities and the need for exposure to blockchain technology to track such activities.

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You May Ask

How much cryptocurrency did Israel seize from wallets linked to Hezbollah?What is the motive of the Hezbollah group?Which blockchain analysis platform did Israel use to conduct the seizure?How did Tether contribute to cutting off terror financing?What other instances of cryptocurrency seizures by Israel have been reported?Please note that the answers to these questions are already provided in the summary.

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