Fraudsters Demand Bitcoin and USDT From Stranded Shipping Firms
Shipping companies operating near the Strait of Hormuz are facing a new wave of fraud attempts involving cryptocurrency payments, according to maritime risk management warnings. Greek maritime security firm MARISKS reported that unidentified actors have been sending fraudulent messages to vessel operators, demanding payments in Bitcoin or USDT in exchange for so called clearance to safely pass through the strategic waterway.
The scam reportedly involves individuals impersonating Iranian authorities and instructing shipping firms to submit documentation for approval. After review, the fraudulent actors claim a transit fee will be calculated and must be paid in cryptocurrency before vessels can cross the strait without interference.
The threat comes at a time when maritime traffic remains heavily disrupted due to ongoing geopolitical tensions. Hundreds of ships and nearly 20,000 seafarers are believed to be stranded in the Gulf region as conflicting restrictions continue to limit safe passage.
Rising Tensions and Official Toll Proposals Create Confusion
At least one vessel struck by gunfire on April 18 may have been linked to the fraudulent scheme, suggesting criminals are exploiting confusion surrounding legitimate transit rules. The situation has been further complicated by Iran’s earlier proposal to impose official toll fees for vessels moving through the strait during ongoing ceasefire discussions.
Reports indicate that proposed transit charges could reach up to $2 million per tanker, with suggested payment options including cryptocurrency. Meanwhile, the United States has maintained its blockade on Iranian ports, contributing to ongoing uncertainty over shipping routes.
With the temporary ceasefire deadline approaching, industry experts warn that heightened geopolitical risk may continue to create opportunities for fraudsters targeting shipping operators and logistics firms in the region.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.