Sanctioned crypto addresses hold $1.23bn, and $531.2m of it is frozen stablecoin

Crypto addresses on the US Treasury's OFAC sanctions list held about $1.23bn on 9 November 2026. $531.2m of it was USDT or USDC that Tether or Circle had frozen at those addresses, so the holder cannot move it. That is the result of Bitminer.io's read of 1,002 listed addresses on Bitcoin, Tron and Ethereum, which counted stablecoins at $1 and checked each stablecoin balance of $1,000 or more against the issuers' blacklists.

Two listings account for most of the frozen money. Virtually all of the $474.3m at the 6 addresses listed for Iran's central bank, Bank Markazi, is frozen. So is virtually all of the $48.9m at addresses listed for Xinbi Guarantee, which OFAC sanctioned on 9 September 2026. Less than $10,000 across the two is not frozen. The largest Bank Markazi address held 212,922,805 USDT, and Tether's contract reports it as blacklisted.

Bitcoin that has not moved

Bitcoin addresses held $693.9m across 526 addresses. Among them, 24 addresses listed since 2024 each held $1m or more, $689.9m in all, and none has sent any coins out since the OFAC action that listed it. They sit on the sanctions entries of 2 individuals. The largest sanctioned bitcoin balance, 4,999.999 BTC, is at an address that has never sent any coins.

A balance shows what sits at an address, not who controls it. The listed party may still hold the keys, may have lost them, or a government may hold them without moving the coins.

Tron held $530.8m across 351 addresses, almost all of it frozen USDT. Ethereum held $3.5m across 125. A further 59 listed addresses are on other networks and were not counted, among them Monero, which keeps balances private. One address could not be read.

Sources

1. TronScan: the largest balance listed for Bank Markazi
2. Blockstream: the largest sanctioned bitcoin balance
3. What sanctioned addresses still hold

By The Assayer, the Bitminer.io house byline. Written by AI from the sources above and checked automatically. No person reviewed it before publication. How we work.

Check a crypto address against the US sanctions list and FBI theft notices