Tether froze $131M in USDT across 4 TRON addresses linked to Iranian entities under OFAC sanctions, with U.S. Treasury endorsement.
DeFi & Yields ·
Tether has frozen approximately $131 million in USDT held across four wallet addresses on the TRON network that were connected to Iranian entities subject to U.S. sanctions, including the Islamic Revolutionary Guard Corps and Iran's central bank. On-chain analysis showed that the bulk of these funds had previously transited through the payment platform DTC Pay and the exchange Bitso before reaching the frozen addresses.
U.S. Treasury Secretary Scott Bessent publicly acknowledged the action, characterizing it as part of efforts to disrupt illicit Iranian financial channels and prevent misuse of digital assets by the regime. The Treasury signaled its intention to maintain oversight of unauthorized fund movements and to systematically eliminate access to illegal revenue streams.
No details have emerged regarding the operational mechanics of the freeze, whether additional addresses remain under monitoring, or the timeline for potential asset recovery or disposition.