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Victims seek $344M in frozen USDT from Tether linked to Iran's IRGC for unpaid terrorism judgments

Market News
15 May 2026
Crypto news
View Source
Bearish
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Victims holding unpaid U.S. terrorism judgments against Iran have asked a Manhattan court to compel Tether to release 344 million USDT frozen in two Tron wallets linked to Iran's Islamic Revolutionary Guard Corps (IRGC). The plaintiffs want Tether to zero out the blocked balances and reissue equivalent tokens to them, testing if issuer-controlled stablecoins can satisfy such judgments. These wallets were frozen after U.S. sanctions by OFAC in April 2024. A judge must decide if Tether can be forced to transfer these funds under New York law and federal terrorism enforcement rules.

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