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Crypto sleuth links $500M in Iranian USDT to stolen Bybit funds

Crypto sleuth Tanuki42 claims the middle man selling USDT to Iran is also receiving USDT from DPRK wallets laundering Bybit funds.

Iran’s central bank stacked $507M USDT last year, report

Iran gathered at least half a billion dollars worth of USDT last year to help bypass sanctions and boost its own currency.

Two Iranian financiers were sanctioned for using crypto and a “shadow banking” network to evade sanctions and facilitate Iran’s oil sales.

Pro-Israel hackers behind the theft of $90M from Iranian crypto exchange, Nobitex, have threatened to target more Iranian institutions.

Officials from Iran’s state-backed electricity firm say illegal crypto miners and a 49.7C heatwave are damaging the country’s power network.