The U.S. Treasury has sanctioned 134 cryptocurrency wallet addresses associated with ISIS-K, a move that has led to Tether freezing funds in 131 of those wallets on the Tron network. These wallets, identified by Chainalysis, had received over $1.4 million in donations since 2023. This action is part of a broader effort to disrupt the financial flows of terrorist organizations.
The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has imposed sanctions on 134 cryptocurrency wallet addresses linked to the terrorist group ISIS-K. In response to these sanctions, the cryptocurrency issuer Tether has frozen funds held within 131 of these identified wallet addresses on the Tron network. Chainalysis, a blockchain analysis firm, identified these wallets as having received more than $1.4 million in donations since the beginning of 2023. This action by the U.S. Treasury aims to disrupt the financial infrastructure and funding streams of ISIS-K. The sanctions target specific digital assets and accounts used by the group to solicit and receive funds, thereby hindering their operational capabilities. The freezing of funds by Tether demonstrates the cooperation between cryptocurrency companies and government agencies in combating illicit financial activities. This development underscores the increasing focus on cryptocurrency as a tool for both legitimate transactions and illicit financing by terrorist and criminal organizations.