The Iron Wall operation began in January and mainly targeted refugee camps, emptying them.
Movshovitz is the 11th casualty of the security agency since the October 7 massacre.
The identity of the two suspects, as well as further details into the investigation, are under an active gag order.
Bar, who picked S. as his deputy in January, said he had tremendous confidence in S. to run the agency.
"S" was on a first-round short list for potential appointment by Netanyahu, but did not make a second-round short list.
The deputy chief will fill this role until the completion of Major-General David Zini's appointment process, or within a month, whichever comes first.
Additional operations in the Menashe area led to the arrest of four wanted individuals, as well as over 10,000 NIS in terror funds being confiscated.
Perhaps, right now, we are witnessing the redemption of the man who was shot in the first act but storms back in the final act with a submachine gun, to save what’s left of Israel.
Arafat Dhiab, a member of Hamas' Al-Furqan battalion, infiltrated Kibbutz Re'im and the Nova music festival during the October 7 massacre.
Authorities say the arrest of Muslim Mazarwa, a key figure in the Jenin terror network, could deal a significant blow to planned attacks in the region.