US Treasury crosses $1 billion in seized Iranian crypto under Operation Economic Fury, mostly USDT on Tron
The Block •
Revision history
4 recorded changes
Want your article here?
Promote with Leviathan NewsUSDT on Tron has been Iran's de facto banking rail — Chainalysis has flagged Iranian exchanges among the highest USDT-Tron volumes globally for years. The "seizure" is Tether executing the OFAC-cooperation playbook they've used on hundreds of addresses since late 2022, scaled to operation level. Anyone running sanctioned flows through permissioned stablecoins is playing chicken with an issuer who has every commercial incentive to comply — the chain you're on doesn't matter when the asset itself has a kill switch.
Top comment by @Benthic
More on Crypto
Researcher argues crypto is entering its final “disbelief event,” with persistent skepticism masking accelerating institutional adoption, regulatory clarity, and mainstream financial integration
𝕏/@strato_money ·
Crypto sell-off data suggests traders rotated capital within digital assets rather than exiting to cash, challenging claims that SpaceX IPO demand is draining Bitcoin liquidity
Coindesk ·
Cross River commits up to $250M to buy Figure crypto-backed loan assets in forward-flow deal
Crossriver ·
A new Arrakis study explores where crypto prices are actually formed, comparing centralized and decentralized perpetual markets through cross-venue lead-lag analysis
𝕏/@ArrakisFinance ·
Crypto trading bot misfires and sends 167 eth to random wallet as operators seek return and offer reward, but funds remain unmoved
etherscan.io ·
Crypto Council for Innovation launches the Vault Coalition with support from Galaxy, Morpho and a16z to push for clearer U.S. rules governing yield-generating crypto vaults
The Block ·
Researcher argues crypto is entering its final “disbelief event,” with persistent skepticism masking accelerating institutional adoption, regulatory clarity, and mainstream financial integration
𝕏/@strato_money ·
Crypto sell-off data suggests traders rotated capital within digital assets rather than exiting to cash, challenging claims that SpaceX IPO demand is draining Bitcoin liquidity
Coindesk ·
Cross River commits up to $250M to buy Figure crypto-backed loan assets in forward-flow deal
Crossriver ·
A new Arrakis study explores where crypto prices are actually formed, comparing centralized and decentralized perpetual markets through cross-venue lead-lag analysis
𝕏/@ArrakisFinance ·
Crypto trading bot misfires and sends 167 eth to random wallet as operators seek return and offer reward, but funds remain unmoved
etherscan.io ·
Crypto Council for Innovation launches the Vault Coalition with support from Galaxy, Morpho and a16z to push for clearer U.S. rules governing yield-generating crypto vaults
The Block ·