Tether · Iran · US Senate · Israel · U.S. Treasury · CryptoSlate
Tether argues $550 million in Iran freezes, but $35 million slipped past Senate
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Tether says it helped freeze nearly $550 million in Iran-linked USDT during 2026, while Democratic investigators on a Senate subcommittee allege that delays in blacklisting some identified wallets let tens of millions of dollars keep moving.
Key facts
- Those two disclosed actions account for at least $474 million of the approximately $550 million Tether says was frozen during 2026
- On April 23, Tether said it supported US authorities in freezing more than $344 million in USDT across two addresses after receiving information from OFAC and other US law enforcement agencies
- Tether's Sept. 28 public statement did not directly address the report's 846-wallet analysis or the $34.6 million example of funds investigators say moved before addresses were frozen
- Tether is 0.00% over the past 24 hours and currently sits at rank # 3 by market cap
Summary
01 A Senate minority report is scrutinizing Tether’s response times to Iran-linked wallets. 02 Tether highlights hundreds of millions of dollars in successful freezes, while investigators point to delays that allowed funds to keep moving. 03 Blumenthal has asked federal agencies to determine whether those delays reflect isolated gaps or broader compliance problems. A preliminary report released Sept. 28 by Democratic minority staff of the Senate Permanent Subcommittee on Investigations analyzed 846 crypto wallets that US or Israeli authorities had sanctioned or targeted for seizure over their associations with Iran and regional groups.