Israeli police arrest five over alleged unlicensed $5M crypto trading service
November 12, 2026, 7:05 AM
Israeli police arrested five people on allegations they operated an unlicensed cryptocurrency trading service worth about $5 million via WhatsApp, The Jerusalem Post reported. The suspects are accused of trading crypto without regulatory approval and failing to report transaction records to tax authorities. Investigators also found they allegedly used loan agreements to channel funds for crypto trades into bank accounts.
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