Israel Sanctions 37 Crypto Wallets Linked to IRGC

Defense Minister Israel Katz sanctioned 37 cryptocurrency wallets associated with the Islamic Revolutionary Guard Corps on July 1, 2026. The wallets held approximately NIS 24 million that funded Iranian proxies including Hezbollah. Further investigation showed tens of millions of dollars had moved through the wallets to terror organizations over the past several years.

Katz said the campaign against Iran targets financing as well as battlefield operations. "Every dollar that is kept from the IRGC is a dollar that will not reach Hezbollah, Hamas, the Houthis and Iran’s terrorist proxies," Katz stated. He added that Israel would continue targeting financing routes of the Iranian axis by any means.

The sanctions follow the U.S. launch of Operation Economic Fury several weeks earlier. That operation has frozen nearly half a billion dollars in cryptocurrency linked to Iran's regime. Katz attended a conference at Binyanei HaUma in Jerusalem on June 17, 2026.