Debit/Credit Payment

Credit/Debit/Bank Transfer

Gantz Orders Seizure of Cryptocurrency Intended to Aid Hamas

March 1, 2022

by: JNS

Print Friendly, PDF & Email

Israeli Defense Minister Benny Gantz addresses the Conference of Presidents of Major American Jewish Organizations in Jerusalem, February 22, 2022

Tuesday, 1 March 2022 | Israeli Defense Minister Benny Gantz has signed a seizure order for tens of thousands of shekels in cryptocurrency from 12 digital accounts for violating terror-financing laws, the Defense Ministry announced on Monday. This is the third seizure of cryptocurrency so far this year, the ministry said in a statement.

Some 30 of the digital wallets seized belonged to businesses that assisted the Al Mutahadun currency-exchange company, owned by the Shamlach family of Gaza. Al Mutahadun is one of two companies designated in 2021 as terrorist organizations on the recommendation of Israel’s National Bureau for Counter Terror Financing (NBCTF) for their role in funneling funds to Hamas.

The Shamlach family’s companies facilitate the transfer of tens of millions of dollars a year from Iran to Hamas, according to the Defense Ministry.

Some of the seized cryptocurrency belonged to the Shamlach family itself, the ministry said.

The seizure was a joint operation of the NBCTF, the national cyber unit of the Israel Police’s Lahav 433 and the Israeli Defense Forces’ Intelligence Division, the ministry said.

“We continue to expand the tools to cope with terror and the companies that support it,” said Gantz, according to the statement. “We are taking all the possible measures to cut off the economic ‘oxygen supply’ to terror organizations.”

Posted on March 1, 2022

Source: (This article was originally published by the Jewish News Syndicate on February 28, 2022. Time-related language has been modified to reflect our publication today. See original article at this link.)

Photo Credit: Yonatan Sindel/Flash90./

Search News

  • Order

Latest News