According to CoinMeta, as reported by The Jerusalem Post, Israeli police arrested five individuals on November 10 for suspected cryptocurrency money laundering, fraud, and operating without a license. The total amount involved in the transactions was approximately 5 million US dollars. The police suspect that the suspects conducted unauthorized cryptocurrency exchange activities through a group identified as WhatsApp, failed to report these transactions to the Israeli tax authorities, and used fake loan agreements to transfer the proceeds from cryptocurrency transactions directly into bank accounts, disguising them as loan funds in order to conceal the true nature of the money. During searches of the suspects' residences, the police found digital wallets, computers, and cash. The case is still under investigation, and the police expect to question other individuals involved as well.