Israeli Authorities Utilize New Technology to Seize Cryptocurrency from Terror Organizations

1:59 am
June 29, 2023
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Israeli authorities have successfully seized cryptocurrency wallets containing millions of dollars intended to fund terrorist activities, according to an announcement by the country’s National Bureau for Counter Terrorist Financing on June 28. The operation, which involved collaboration between the Israeli defense and justice ministries, Israeli intelligence, and the use of new technology, marked the largest seizure of cryptocurrency from terrorist groups to date. Defense Minister Yoav Gallant credited the success of the operation to the development of new capabilities by the National Bureau for Counter Terror Financing, in collaboration with intelligence and enforcement entities.

Summary

Israeli authorities have seized cryptocurrency wallets containing millions of dollars that were intended to fund terrorist organizations. The operation, which involved the collaboration of various Israeli ministries and the use of new technology, marks the largest seizure of cryptocurrency from terrorist groups to date. The success of the operation was attributed to the development of new capabilities by the National Bureau for Counter Terror Financing.

FAQ

What did Israeli authorities seize?

Israeli authorities seized cryptocurrency wallets containing millions of dollars that were intended to fund terrorist organizations.

Who was involved in the operation?

The operation involved collaboration between the Israeli defense and justice ministries, Israeli intelligence, and the National Bureau for Counter Terror Financing.

What was the largest seizure of cryptocurrency from terrorist groups?

This operation marked the largest seizure of cryptocurrency from terrorist groups to date.

What technology was utilized in the operation?

New technology was utilized in the operation, although specific details were not provided.

Source: Israeli authorities seize crypto from terror organizations, credit new technology


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