US OFAC Sanctions 134 ISIS-K Crypto Wallets, Tether Freezes 131 TRON Addresses

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has added 134 cryptocurrency wallet addresses linked to the terrorist group ISIS-K to its Specially Designated Nationals (SDN) sanctions list. In response, stablecoin issuer Tether has frozen funds on 131 of these addresses, which are on the TRON network. The remaining three sanctioned addresses are on the Monero network, known for its privacy features that complicate tracking. On-chain data reveals that since 2023, these 131 TRON addresses have collectively received over $1.4 million in cryptocurrency donations and sent out more than $880,000, with some funds potentially used for terrorist financing. This action highlights ongoing collaboration between regulators and crypto platforms in combating terrorism financing.