Israel has imposed sanctions on 37 cryptocurrency wallets linked to the Islamic Revolutionary Guard Corps (IRGC), Defense Minister Israel Katz announced on Wednesday.
The move targets digital accounts that facilitated the transfer of approximately NIS 24 million to Iranian-backed militant groups, including Hezbollah.
The sanctions represent a targeted effort to disrupt the financial infrastructure supporting Iran's proxy network.
By freezing these specific crypto assets, Israeli authorities aim to cut off a funding stream that has historically been difficult to trace through traditional banking channels.
The action underscores the growing intersection of digital finance and geopolitical conflict in the region.
This development follows a sharp escalation in military hostilities.