“Earned 1.1 billion”, this is how they financed the attack –

To finance the attack on Israel, the Islamic Republic of Iran created chaos on cryptocurrency platforms. A series of speculations on Bitcoin on the night of April 13th caused the price of the virtual currency to collapse and, according to experts, Tehran was behind it, suddenly selling its reserves and then betting on futures, earning millions in just a few hours. and millions, perhaps more than a billion dollars. “It was a very violent operation. Overnight we saw a collapse in the value of Bitcoin that we hadn’t seen since March”, explains Elham Makdoum, analyst expert in geopolitics of cryptocurrencies in an interview with the Giornale. The collapse “was not physiological”, too fast in precipitating and slow in recovery.

But what happened? Based on the reconstruction, on the one hand, Iran would have sold a slice of its Bitcoins when the price was 67 thousand dollars (today it is around 59 thousand), on the other it would have operated on futures betting on the decrease in the market, caused precisely by the block sale of large quantities of Bitcoin. A pincer attack, in two directions. According to the expert’s estimates, “130 million dollars went up in smoke in the traditional market and 1.5 billion in futures, 1.1 of which ended up in Tehran which altered everything.”

The country of the Ayatollahs has been active in cryptocurrencies for years, and legal mining (i.e. operations with blockchain cryptography thanks to which it is possible to mint virtual currency) is equivalent to 5% of the global market. Knowledge that Iran has shared with the proxies, i.e. the axis groups such as Houthis and Hezbollah, who are also able to finance themselves in this way.