Europe Asia News

The Israeli Ministry of Foreign Affairs shared a Reuters investigation into a $4 billion illegal gambling and cryptocurrency network allegedly linked to Iran, claiming that the Iranian regime supports terrorist activities through illicit financing. In its statement, the ministry alleged that proceeds from activities such as money laundering, organized crime, and drug trafficking are used to finance proxy groups such as Hezbollah. The Reuters investigation stated that it identified a financial network worth at least $4 billion that allegedly enabled sanctions evasion through an unlicensed cryptocurrency exchange based in Dubai.