Four Tron Wallets Just Lost Access to $131 Million in USDT

By Isaac • July 15, 2026 1:11 pm •

Four wallets on Tron are still visible to anyone with a block explorer. Their owners may still possess the private keys.

But the $131 million in USDT sitting there can no longer move.

That is the sharp edge of a centrally issued stablecoin.

The U.S. Treasury sanctioned the addresses after linking them to Iran’s central bank and military apparatus. Tether then used the controls built into USDT to freeze the balances, turning an onchain asset into inaccessible money without taking possession of the wallets themselves.

Decrypt reported that more than $131 million was frozen across four Tron addresses tied to the Central Bank of Iran and Iran’s armed forces. The action followed sanctions from the Treasury