TL;DR
- Israeli authorities arrested crypto trader Adiel Miyost, 43, over alleged tax evasion, money laundering and undeclared cryptocurrency income.Â
- Investigators say he traded through multiple exchanges without reporting profits to the Tax Authority and may have concealed funds through foreign accounts and another person’s bank account.Â
- A Haifa court extended his detention until October 11, while his lawyers rejected the allegations and said the case belongs in the civil sphere.
An Israeli Crypto Trader has been arrested as authorities investigate alleged multimillion-dollar tax evasion linked to cryptocurrency trading, undeclared income and overseas financial activity.
The Israel Tax Authority and Israel Police jointly investigated Adiel Miyost, 43, who authorities suspect traded digital assets through several cryptocurrency exchanges without reporting the activity or related income on his tax returns.
According to investigation materials cited by CTech, the case involves the Tax Authority’s Haifa Assessing Officer for Investigations and the Economic Enforcement Unit of the Coastal District, part of Lahav 433. Investigators allege that Miyost generated substantial income through crypto trading while keeping the activity outside his tax declarations.
Israeli Crypto Trader Faces Broader Financial Investigation
Authorities are also examining potential money-laundering offenses and other financial activity allegedly connected to the case. Investigators suspect Miyost maintained undeclared bank accounts abroad and used another individual’s account to conceal funds generated through cryptocurrency transactions.
Searches conducted during the investigation reportedly led authorities to seize significant amounts of foreign currency and a luxury vehicle. Police allege that the vehicle was registered under another person’s name, potentially making it harder to identify assets connected to the suspect.
The allegations come against a broader regulatory framework in Israel, where cryptocurrency is treated as a reportable financial asset. The Israel Tax Authority provides procedures for reporting profits from digital-asset sales and paying applicable taxes, including guidance for situations involving difficulties depositing crypto-related tax payments through Israeli banks.
Those rules provide important context, but they do not establish that Miyost violated tax law. The allegations remain subject to the ongoing investigation and judicial process.
Court Extends Detention As Lawyers Reject Allegations
Prosecutors initially requested a seven-day detention extension at the Haifa Magistrate’s Court. Miyost’s attorneys, Uri Goldman and Sheila Dorfman, reached an agreement with prosecutors during the hearing, after which Judge Michal Davidi extended the detention until October 11, 2026.
The court found reasonable suspicion and grounds for continued detention based on the investigation file. However, Miyost’s lawyers strongly disputed the money-laundering allegations and questioned the timing of the arrest.
