The seizure marks the third time within a twelve-month period that Israel has taken over crypto wallets or assets on terrorism funding charges. cryptocurrency moneylaundering
in the Jerusalem Post, the seizure was carried out after Defense Minister Benny Gantz signed an order authorizing the action. The report added that this seizure marks the third time within a twelve-month period that Israel has taken over crypto wallets or assets on terrorism funding charges.
Al’matchadun, according to the report, is owned by the Shamlach family which the Defense Ministry says is affiliated with terror networks. In his remarks following the seizure, Gantz is quoted reiterating Israel’s commitment to stopping the flow of funds to Hamas. He said: We are taking all the possible measures to cut off the economic ‘oxygen supply’ to terror organizations. We continue to expand the tools to cope with terror and the companies that support it. I commend the organizations involved for their intelligence, operational, and legal cooperation. We will continue to take all the measures necessary to fight terror.
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