The National Bureau of Israel for Countering Terrorist Financing (NBCTF) has released a list of 187 cryptocurrency addresses that, according to their data, belong to Iran and are linked to the Islamic Revolutionary Guard Corps (IRGC). It is estimated that these addresses were used to transfer $1.5 billion in Tether (USDT) stablecoins.
This is reported by Finway
Asset Freezing and the Role of Tether
NBCTF emphasized that the assets on these crypto addresses should be confiscated, and the company Tether can block these funds upon an official request from the Israeli authorities. The issuer of the USDT stablecoin has repeatedly cooperated with law enforcement on asset freezing related to illegal activities.
“Crypto assets from these wallets must be confiscated,” stated the NBCTF.
The analytical company Elliptic confirmed that the mentioned addresses indeed received significant amounts of USDT. However, analysts noted that they cannot assert with complete certainty their direct connection to Iranian military structures. According to Elliptic, some of these addresses may belong to cryptocurrency services that cater to various users.
Previous Cases of Confiscation and Sanction Pressure
In July 2025, Tether had already frozen 1.6 million USDT linked to organizations in the Gaza Strip. In June of the same year, the pro-Israel hacker group Gonjeshke Darande hacked the Iranian cryptocurrency exchange Nobitex, reporting the theft of $90 million in cryptocurrency, which was allegedly connected to the IRGC. However, ordinary users of the platform were also affected by the attack.
Iran widely uses cryptocurrencies to circumvent international sanctions. Last week, the U.S. Attorney’s Office initiated a civil confiscation of $584,741 in USDT from an Iranian citizen who provided technology to Iranian military forces. Additionally, the IRGC is considered one of the largest Bitcoin miners in the country.
Tensions between Iran and Israel remain high. In June of this year, a 12-day war took place between the countries, significantly impacting global financial markets and the cryptocurrency sector. During this period, the price of Bitcoin sharply fell below the $103,000 mark, and the liquidation volume in the market exceeded $1.1 billion.