Fraudulent Crypto Demands Target Shipping Vessels in Strait of Hormuz

Maritime operators stranded west of the Strait of Hormuz are being targeted by fraudulent actors claiming to represent Iranian security services. These scammers are demanding payments in Bitcoin (BTC) and Tether (USDT) in exchange for 'safe passage' through the strategic waterway. The warnings were issued by maritime risk firm Marisks, which clarified that these messages are scams and do not originate from official Iranian authorities. The situation unfolds as the Strait of Hormuz—which historically manages approximately 20% of global oil and liquefied natural gas (LNG) exports—remains largely closed due to escalating Middle East hostilities. The fraudulent scheme involves requesting verification documentation from shipowners before assigning a specific 'fee' payable in cryptocurrency. In some instances, the scammers frame these transfers as a prerequisite for unimpeded transit at a pre-arranged time. Marisks noted that at least one vessel targeted by gunfire while attempting to exit the strait may have received such fraudulent instructions. Beyond the immediate fraud, the situation poses significant legal risks for the shipping industry. Analysts from Chainalysis warn that any company attempting to pay transit fees to Iranian-controlled entities—even if they believe the requests are official—could face severe international sanctions. Such payments could be classified as 'material support' for sanctioned groups, including the Islamic Revolutionary Guard Corps.