Tether Freezes $344M USDT Linked to Iranian Sanctions Evasion

Tether froze $344 million in USDT from two Tron addresses linked to Iran’s Central Bank, acting on U.S. OFAC intelligence. This move targets a sanctions evasion network used for illicit oil sales and other prohibited activities. The incident highlights the increasing use of blockchains for sanctions evasion and signals a new era of enforcement.