US prosecutors filed a civil forfeiture complaint targeting approximately $61.2 million USDT across 10 Tron addresses linked to alleged black-market Iranian oil sales. The funds are part of a wider network that allegedly moved over $1.5 billion in proceeds from Iranian crude and petroleum sales, prosecutors said. Tether froze seven of the targeted addresses in June 2025 and three more in July, with the seizure warrant authorizing federal agents to transfer the value to an FBI-controlled hardware wallet through a token burn and reissuance mechanism. Binance is not accused of any wrongdoing in the case, with the exchange stating it cooperates with authorities and maintains zero tolerance for sanctions violations. The case illustrates how issuer-controlled stablecoins like Tether can serve as enforcement chokepoints when authorities identify funds they wish to restrain.
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