On Tuesday, October 6, 2026, CTech reported that a joint investigation by the Israel Tax Authority and Israel Police uncovered a suspected scheme involving tens of millions of dollars in undisclosed cryptocurrency trading. A man has been arrested in connection with the case.
The suspect, Adiel Miyost, 43, a resident of northern Israel, was arrested on suspicion of tax evasion, money laundering and conspiracy to commit a crime.
According to investigation materials from the Tax Authority’s Haifa Assessing Officer for Investigations and the Economic Enforcement Unit of the Coastal District, which operates under the Lahav 433 division, Miyost allegedly traded digital currencies on a range of exchanges without notifying the Tax Authority. He is also suspected of leaving the resulting income off his personal tax returns to avoid paying taxes.
Investigators further suspect that Miyost maintained undeclared bank accounts overseas and routed his activity and its proceeds through another person’s bank account to hide them.
Searches carried out during the probe resulted in the seizure of what police and the Tax Authority described as significant sums of foreign currency, along with a luxury vehicle. Authorities said the car was registered in someone else’s name in an effort to conceal the suspect’s assets.
Authorities asked the Haifa Magistrate’s Court to extend Miyost’s detention by seven days. In the request, they said he is suspected of conducting large-scale financial-technological operations over several years, probably together with others, while hiding the activity and income from tax authorities and breaching anti-money laundering laws.
They also expressed concern that the investigation could be obstructed and said some investigative steps could only be completed while he remained in custody.
At the hearing, prosecutors and Miyost’s attorneys, Uri Goldman and Sheila Dorfman, agreed to extend the detention until Sunday. Michal Davidi, deputy president of the Haifa Magistrate’s Court, ordered the remand extended to October 11, 2026. She found that reasonable suspicion and grounds for remand existed, and noted that counsel for both sides had accepted the court’s proposal.
Miyost’s attorneys rejected the allegations. In a joint statement, Goldman and Dorfman said the matter belongs in the civil legal arena and described the police claims of money laundering involving vast sums as far removed from reality. They said they were confident that a review of the claims would lead to the conclusion that the allegations have no substance.
The lawyers also criticized the timing of the arrest, noting that it came more than five years after the alleged offenses took place, and called it deeply regrettable.
Source: CTech
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