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Court allows government to seize digital currency from wallets linked to terrorist financing

Posted by sultanIn Last Modified


An Israeli court has allowed the Ministry of Defense to seize cryptocurrency from digital wallets that were previously used to finance terrorist groups.

Outgoing Defense Minister Benny Gantz’s office released a statement revealing that the Tel Aviv Magistrate’s Court had approved such a seizure for the first time on Thursday.

Israel has previously seized cryptocurrency allegedly used to finance terrorist groups, but no additional funds.

According to the statement, Israel seized NIS 116,000 ($33,500) from digital wallets used to transfer funds to the terrorist group Hamas last year. In December 2021, Israeli authorities seized NIS 2.6 million ($750,000) worth of cryptocurrency from the same wallets.

At least 150 digital wallets have been sanctioned by Israel, and additional funds currently in them may be seized based on a new court order.

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