$61M in Tether Linked to Alleged Iranian Oil Sales Targeted by U.S. Prosecutors

U.S. prosecutors have filed a civil forfeiture complaint to seize over $61 million in USDT linked to alleged Iranian oil sales and sanctioned entities. The funds are part of a larger network that allegedly moved more than $1.5 billion in illicit oil proceeds.

The case targets 10 cryptocurrency addresses where the assets were held, which prosecutors claim represent proceeds intended for the Iranian government and military organizations, including the Islamic Revolutionary Guard Corps (IRGC).

Deputy U.S. Attorney Sean S. Buckley stated that the funds allegedly generated by the Iranian government through black-market oil sales 'intended to benefit the Iranian military and the terror-designated IRGC.'