Israeli Defense Minister Imposes Sanctions on 37 Digital Wallets Allegedly Used by Iranian Revolutionary Guards to Fund Hezbollah

Israeli Defense Minister Yisrael Katz has signed off on sanctions targeting 37 digital wallets that authorities say are controlled by Iran's Revolutionary Guards and used to channel funds to Hezbollah, according to reporting from Israel's Channel 12.

The cryptocurrency wallets in question are valued at more than $6.6 million combined, the report indicates.

The move represents an escalation in Israel's efforts to disrupt financial networks believed to support the Lebanese militant organization through Iranian state channels.