Updated: 2026-05-13
- Tether froze $344 million in USDT at two addresses Tron, associated with the Central Bank of Iran.
- The freeze was initiated by the US Office of Foreign Assets Control based on evidence of sanctions evasion using Iranian exchanges.
Company Tether froze $344 million in USDT at two addresses Tron, directly linked to the Central Bank of Iran. And although the blocking occurred on April 23, 2026, Arkham Intelligence analysts identified operation quite recently.
These wallets reportedly held over $344 million in crypto assets, including $344,211 million in frozen stablecoins. Tether, as well as a small amount of HTX and TRX tokens.
The company’s decision to block the platform came amid growing geopolitical tensions and increased scrutiny of crypto transactions linked to restricted countries. For example, the Central Bank of Iran was sanctioned by the US back in 2018.
It is known that Tether acted on behalf of the US Office of Foreign Assets Control (OFAC). The agency found that two addresses Tron were part of a sanctions evasion network that was “used to receive and transfer USDT funds from illegal oil sales and other prohibited activities.”
Company Tether actively cooperates with more than 340 law enforcement agencies in 65 countries and has already frozen assets worth almost $4,4 billion.
It’s worth noting that regulators and blockchain analytics companies are increasingly gaining technical capabilities to monitor stablecoin transactions in real time. This means they will be able to more quickly detect assets and wallets linked to illicit activity in the future.
In response, cryptocurrency exchanges and custodial wallets may strengthen preventative KYC/AML checks, and users may begin to abandon stablecoins in favor of decentralized and privacy-focused cryptocurrencies.
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