🇺🇸🇮🇷 U.S. Orders Tether to Freeze $344 Million in Iran's IRGC Linked Crypto Wallets
The U.S. government just weaponized a stable coin issuer to freeze $344 MILLION in USDT tied to two wallets linked to Iran's IRGC.
Tether confirmed the freeze on April 23, citing OFAC compliance and its "zero-tolerance" policy for criminal use of its platform.
Treasury Secretary Scott Bessent called it part of a broader campaign to cut off financial lifelines to the Islamic Regime. The funds, held across two Tron network addresses, are now immovable.
This is a reminder that "decentralized" crypto can be frozen by a private company on government request with no court order and no appeal. If the U.S. can do this to Iran today, what stops them from doing it to anyone tomorrow?
The U.S. government just weaponized a stable coin issuer to freeze $344 MILLION in USDT tied to two wallets linked to Iran's IRGC.
Tether confirmed the freeze on April 23, citing OFAC compliance and its "zero-tolerance" policy for criminal use of its platform.
Treasury Secretary Scott Bessent called it part of a broader campaign to cut off financial lifelines to the Islamic Regime. The funds, held across two Tron network addresses, are now immovable.
This is a reminder that "decentralized" crypto can be frozen by a private company on government request with no court order and no appeal. If the U.S. can do this to Iran today, what stops them from doing it to anyone tomorrow?
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