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Israeli authorities seize 187 cryptocurrency wallets linked to a $1.5 billion fortune attributed to Iran's Revolutionary Guard.

Israeli authorities' cyber-security task force, NBCTF, aims to confiscate 187 cryptocurrency wallets, believed to be linked to Iran's Revolutionary Guard. The group is suspected of transferring $1.5 billion worth of Tether digital currency.

Israel Confiscates 187 Cryptocurrency Wallets Linked to $1.5 Billion from Iran's Revolutionary...
Israel Confiscates 187 Cryptocurrency Wallets Linked to $1.5 Billion from Iran's Revolutionary Guard Corps

Israeli authorities seize 187 cryptocurrency wallets linked to a $1.5 billion fortune attributed to Iran's Revolutionary Guard.

In a significant cyber attack, hackers known as "Gonjeshke Darande" have siphoned off at least $81.7 million in digital assets from Iran's Nobitex, a major cryptocurrency service provider, in June. The hackers, who have publicly claimed responsibility for the attack, have also accused Nobitex of complicity in financing militant activity and aiding Iran in evading international sanctions.

The identities of the crypto service providers managing the 148 still unfrozen wallets are not publicly disclosed. This incident underscores the intersection of geopolitics and digital assets, with cryptocurrencies serving as tools for innovation, finance, and instruments in broader state struggles.

Iran, in response, has announced its intention to regulate, not ban, cryptocurrencies. This move comes amidst growing concerns among US lawmakers, who have urged the Biden administration to strengthen crypto regulations amid fears over Iran's use of cryptocurrencies.

The hack highlights the potential risks associated with investing in cryptocurrencies, particularly in politically volatile regions. It is, therefore, encouraged for readers to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

It's important to note that this article is for informational purposes only and should not be construed as financial advice.

In other news, The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. For more updates and insights on the world of cryptocurrencies, stay tuned to our platform.

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