The National Bureau for Counter Terror Financing at Israel’s Ministry of Defense has identified 37 digital wallets allegedly used by Iran’s Islamic Revolutionary Guard Corps (IRGC) to finance terrorism. Cryptocurrencies with a total value of more than NIS 24 million ($8 million) were found in the wallets, and Defense Minister Israel Katz has signed orders to freeze the assets.

The investigation found that the wallets were used to transfer funds to Iranian-backed terrorist organizations, primarily Hezbollah. According to the findings, the wallets were part of a broader terrorist financing infrastructure linked to Hezbollah. An analysis of the transactions indicates that tens of millions of dollars were transferred through the wallets to…