US seizes nearly $600 million in crypto from Iranian tied to IRGC drones
The assets belonged to Mohammad Abedini Najafabadi, also known as Mohammad Abedini, 39, of Tehran.
“The government seized USDT (Tether) from an un-hosted cryptocurrency wallet alleged to be controlled by Abedini,” the Justice Department announced in a statement on Thursday.
USDT (Tether) is a stablecoin, meaning its value is tied to the US dollar. The cryptocurrency has been issued by Tether Limited since 2014.
Abedini is the founder and managing director of San’at Danesh Rahpooyan Aflak Co. (SDRA), a company that manufactures navigation system modules, including the Sepehr Navigation System (SNS), used in the Islamic Revolutionary Guard Corps (IRGC) military drone program, the Justice Department alleged.
The IRGC has been designated…
