ISRAEL - Millions Seized from Hezbollah

Arno Froese

The Israeli government says it has seized millions of dollars in cryptocurrency from accounts that had sent or received funds in alleged financing schemes for a powerful arm of the Iranian military and the Iran-backed Hezbollah militant group in Lebanon.

Israeli Defense Minister Yoav Gallant said he issued an order to seize the cryptocurrency wallets and turn over the funds to the Israeli government. 

He described the “extensive” operation as Israel’s first to target the Hezbollah militant group and the Iranian paramilitary Revolutionary Guard’s elite Quds Force—two organizations sworn to Israel’s destruction. Both have been designated by the United States and some other governments as terrorist organizations and locked out of the traditional global financial system. 

It was a multi-agency effort, Gallant said, involving Israel’s Mossad spy agency, the Israeli military intelligence office, the Israeli police and others.

Israel has previously seized cryptocurrency belonging to the paramilitary arm of Gaza’s Hamas rulers as part of counterterrorism financing investigations. 

Countries facing American sanctions, like Israel’s regional foe Iran, have worked toward creating their own cryptocurrencies to circumvent financial restrictions., 27 June 2023

Arno's Commentary

There seems to be no hiding from Israel’s security apparatus. Granted, loopholes will be created, as history shows, but Israel’s technological capability will help them keep the upper hand.

Here we are reminded of the prophecy of Zechariah 14:14: “And Judah also shall fight at Jerusalem; and the wealth of all the heathen round about shall be gathered together, gold, and silver, and apparel, in great abundance.”

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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