meta_id 3298420

On July 1, 2026, Israel's Security Minister, acting on the recommendation of the National Headquarters for Economic Warfare Against Terrorism (MATAL), issued an administrative seizure order targeting 37 digital wallets suspected of facilitating terrorist financing. The wallets are alleged to have formed a central part of the funding infrastructure for Iran's Islamic Revolutionary Guard Corps and Hezbollah. The seized wallets contained cryptocurrency totalling more than 24 million Israeli New Shekels (ILS). According to Israeli authorities, the wallets were used to transfer funds to Iran-backed terrorist organisations, particularly Hezbollah, which has faced financial strain following military operations against Israel. Investigation findings indicate that millions of dollars were transferred through these wallets to terrorist organisations over several years. The seizure order represents an additional layer in Israel's economic campaign against terrorism, resulting from combined intelligence, operational, and legal activities conducted by MATAL, the Ministry of Defence, and other security agencies. Under Section 56(b) of the Counter-Terrorism Law 5776-2016, the order permits the seizure of digital wallets classified as terrorist organisation assets or assets used in serious terrorist offences as defined by law. This seizure serves as a preliminary step toward asset forfeiture. The seizure order remains in effect for two years from its execution or until a forfeiture order is issued for the seized assets. The announcement was published on July 5, 2026.