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Israel Orders Seizure of 187 USDT Crypto Wallets It Says Are Linked to Iran's IRGC
- On Monday, Israel's Ministry of Defense directed the confiscation of 187 cryptocurrency wallets believed to be associated with the Iranian paramilitary organization known as the Islamic Revolutionary Guard Corps.
- The seizure followed suspicions that the IRGC used these wallets to receive $1.5 billion in Tether's USDT stablecoin, amid longstanding sanctions and regional conflict.
- Blockchain firm Elliptic confirmed the wallets received $1.5 billion over time but stated it cannot verify full IRGC ownership and noted some addresses could belong to crypto services.
- Elliptic's Tom Robinson explained the wallets now hold only $1.5 million, a fraction of prior amounts, while Israel's National Bureau claims the wallets facilitate severe terror crimes.
- This action implies intensified measures to disrupt the IRGC's alleged use of cryptocurrency amid continuing Israeli-Iranian tensions and broader sanctions enforcement.
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The government of Israel published a list of cryptic addresses that account for about $1.5 billion in USDT, with which the organization would be financing illegal activities and evading financial sanctions. *** Israel published a list of 187 crypto addresses linked to the Islamic Revolutionary Guard Corps of Iran (IRGC). The addresses collectively received $1.5 billion in USDT, according to the firm Elliptic. Tether already froze 39 of those add…
Coverage Details
Total News Sources25
Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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