"Israel's Ministry of Defense announced on Monday that it was ordering the seizure of 187 crypto wallets that allegedly belong to Iran's Islamic Revolutionary Guard Corps, or IRGC. In a document detailing the seizure order, the ministry's National Bureau for Counter Terror Financing (NBCTF) said it was "convinced that the cryptocurrency wallets" in the list are property of the IRGC and are "used for the perpetration of a severe terror crime.""
"According to blockchain monitoring firm Elliptic, the named wallets have received $1.5 billion over time in Tether's stablecoin USDT. Elliptic's co-founder and chief scientist Tom Robinson said that the company cannot confirm whether those wallets do indeed belong to the IRGC. Robinson also said that the wallets currently only hold $1.5 million, a fraction of the funds that moved through them until today."
"In a blog post, Elliptic said that "some of the addresses may be controlled by cryptocurrency services and could be part of wallet infrastructure used to facilitate transactions for many customers." Amir Rashidi, the director of digital rights and security at the Iran-focused nonprofit Miaan Group, said it's possible Israel found information about these wallets by hacking into Iran's infrastructure."
Israel's Ministry of Defense ordered seizure of 187 cryptocurrency wallets alleged to belong to Iran's Islamic Revolutionary Guard Corps and to have been used to perpetrate a severe terror crime. The IRGC is designated as a terrorist organization by the United States, the European Union, and Israel. Blockchain monitoring firm Elliptic reported the wallets received about $1.5 billion in USDT over time but currently hold roughly $1.5 million, and it could not confirm ownership. The Ministry of Defence did not answer questions about the linkage. Elliptic cautioned some addresses may be part of service infrastructure, and analysts suggested possible hacking or intermediary entities.
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