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.